Butterfly Network, Inc.: appoints director Michael Noonen

What happened

• The filing says the board of Butterfly Network, Inc. appointed Michael Noonen to the board on Sep 29, 2026, effective Oct 9, 2026. The board increased in size to 7 directors and appointed Mr. Noonen to the compensation committee and the technology committee. The board determined Mr. Noonen is an independent director under NYSE standards.

Key details

• Mr. Noonen will serve until the company’s next annual meeting of stockholders.
• Under the company’s Amended and Restated Nonemployee Director Compensation Policy, the company will grant RSUs with an aggregate fair market value of $300,000 on the first business day after the effective date; the number of RSUs is calculated by dividing $300,000 by the closing price of the company’s Class A common stock on the NYSE on the grant date (rounded down).
• The RSUs vest in equal annual installments over 3 years, subject to continued service as a director.
• Mr. Noonen will enter into the company’s standard indemnification agreement for nonemployee directors; the filing says there are no arrangements or transactions requiring disclosure under Item 404(a) of Regulation S-K and Mr. Noonen has no prior positions with the company or family relationships with its directors or executive officers.

Why it may matter

• The filing reports Item 5.02 (departure of directors or certain officers; election of directors), covering the appointment of a new independent director and the related compensation and indemnification arrangements. This filing does not show why the insider traded or why the company acted.