DEVIVO JOSEPH 4

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.