Butterfly Network (BFLY) Director Larry Robbins Sells Shares

What Happened

• Larry Robbins, a director of Butterfly Network (BFLY) and founder/portfolio manager of Glenview Capital Management, reported multiple open‑market sales totaling 2,297,733 shares between Aug 13 and Aug 17, 2026, generating roughly $20.62 million in gross proceeds. All transactions are reported as sales (S).

Key Details

• Transaction dates and totals:
  • Aug 13, 2026: 215,233 shares @ $9.54 = $2,053,710
  • Aug 13, 2026: 500,000 shares @ $9.24 = $4,617,750
  • Aug 13, 2026: 175,300 shares @ $8.86 = $1,553,228
  • Aug 14, 2026: 824,700 shares @ $8.70 = $7,172,663
  • Aug 17, 2026: 582,500 shares @ $8.97 = $5,225,142
• Aggregate: 2,297,733 shares sold for ~$20.62M.
• Price details: filing reports weighted-average prices and gives ranges for the individual sale dates (Aug 13 prices ranged roughly $8.86–$9.575 across lots; Aug 14 ranged ~$8.36–$8.94; Aug 17 ranged ~$8.85–$9.07). Robbins offered to provide exact per-price breakdown on request.
• Who sold the shares: Several sales were by Glenview funds (Glenview Offshore Opportunity Master Fund, Glenview Healthcare Master Fund, Glenview Capital Master Fund) and Longview Investors LLC per filing footnotes. Robbins is manager/portfolio manager and may be deemed to have voting/dispositive power over those shares; he also disclaims beneficial ownership of securities held by those entities except any pecuniary interest.
• Shares owned after transaction: Not specified in the material you provided (filing does not disclose remaining beneficial holdings here).
• Filing timeliness: Reported filing date Aug 17, 2026 — within the Form 4 reporting window for these transaction dates (no late filing indicated).

Context

• These are open‑market sales reported by investment funds affiliated with Robbins rather than a single small personal trade; such sales are common for fund managers and do not by themselves indicate company performance or insider sentiment. The filing is factual and does not state motivation; Robbins’ relationship to the funds means he may be deemed to beneficially own the sold shares for reporting purposes, even though he disclaims direct beneficial ownership beyond any pecuniary interest.