DEVIVO JOSEPH 4
4 · Butterfly Network, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Butterfly Network (BFLY) CEO Joseph DeVivo Sells 482,149 Shares
What Happened Joseph DeVivo, President & CEO and a director of Butterfly Network (BFLY), disposed of 482,149 shares on 2026-03-05 in a sale (code S) for a total of $1,788,291. The reported weighted-average sale price was $3.71 per share; individual sale prices ranged from $3.62 to $3.895 per share. The filing (Accession 0002064832-26-000115) was submitted to the SEC on 2026-03-06 for the 2026-03-05 transaction.
Key Details
- Transaction date: 2026-03-05 (reported 2026-03-06). Filing appears timely relative to the trade date.
- Shares sold: 482,149; weighted-average price: $3.71; total proceeds: $1,788,291. Price range: $3.62–$3.895 (per footnote).
- Reason/footnote: Sale was automatic under the issuer’s "sell-to-cover" policy to satisfy tax withholding obligations related to vesting restricted stock units (RSUs); not at the insider’s discretion (Footnote F1).
- Ownership after transaction: Not specified in the provided excerpt.
- Additional note (Footnote F2): Full breakdown of number of shares sold at each price is available on request to the SEC staff, the issuer, or a security holder.
Context This was a sell-to-cover transaction tied to RSU vesting (automatic tax withholding), a routine form of insider sale that fulfills tax obligations rather than a discretionary sale expressing a view on the stock. Such automated withholding sales are common and should be interpreted differently than voluntary open-market sales by insiders.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-03-05$3.71/sh−482,149$1,788,291→ 8,030,899 total
Footnotes (2)
- [F1]The Issuer has adopted a "sell-to-cover" policy to satisfy the tax withholding obligations of the Reporting Person. The sales reported on this Form 4 represent the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. Such sales were automatic and not at the discretion of the Reporting Person.
- [F2]Represents the weighted average sales price per share. The shares sold at prices ranging from $3.62-$3.895 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.