Cashman Steve 4

What Happened

• Steve Cashman, Chief Business Officer of Butterfly Network (BFLY), sold 200,000 shares on April 16, 2026. The weighted average sale price was $5.22 per share for total proceeds of approximately $1,044,400. The filing lists the transaction type as an open-market or private sale (S), i.e., a disposition of shares.
• This was a sale (not a purchase or option exercise) and was executed under a pre-established trading plan (see footnotes). Sales are often routine transactions; the filing does not indicate the insider’s motive.

Key Details

• Transaction date: April 16, 2026; Form 4 filed April 17, 2026 (appears timely under Form 4 rules).
• Price information: weighted average $5.22; shares sold at prices ranging from $5.00 to $5.61 per share (footnote F2).
• Total proceeds: ~$1,044,400.
• Shares owned after the transaction: not specified in the information provided in this summary (not disclosed in the supplied details).
• Notable footnotes:
  • F1: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted September 12, 2025 (pre-set plan).
  • F2: The weighted average price is shown; a breakdown of the number of shares sold at each price is available upon request to the SEC, the issuer, or a security holder.

Context

• The sale was executed under a 10b5-1 plan, which typically means the trade was pre-scheduled and may not reflect the insider’s current view of the company. Retail investors often give more weight to open-market purchases than to routine sales.
• For more granularity (how many shares sold at each price), request the detailed breakdown from the SEC or the company as noted in the filing footnotes.