Cashman Steve 4
4 · Butterfly Network, Inc. · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
Butterfly Network (BFLY) CBO Steve Cashman Sells 147,518 Shares
What Happened
Steve Cashman, Chief Business Officer of Butterfly Network (BFLY), sold 147,518 shares on 2026-04-29 in an open-market/automatic transaction. The weighted average sale price was $4.91 per share, generating proceeds of approximately $724,166. The sale was reported as a sell-to-cover to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs), and the sales were automatic (not at the Reporting Person’s discretion).
Key Details
- Transaction date: 2026-04-29; Form 4 filed 2026-05-01 (filed timely).
- Sale type/code: S (sale) — reported as open market/private sale in the filing.
- Shares sold: 147,518; weighted average price: $4.91; total proceeds ≈ $724,166.
- Price range: $4.82 to $5.125 per share (weighted average reported; full breakdown available from the SEC staff, issuer, or a security holder on request).
- Reason/footnote: F1 — automatic sell-to-cover to satisfy tax withholding for RSU vesting (not discretionary). F2 — weighted avg and price range details.
- Shares owned after transaction: not specified in the provided summary (refer to the full Form 4 for beneficial ownership figures).
Context
- Sell-to-cover transactions are routine tax-withholding actions when restricted stock units vest and do not necessarily indicate the insider’s view on the company’s prospects.
- This was a sale (S), not a purchase; purchases are typically more informative of insider bullishness.
- No indication of a 10b5-1 plan or other trading plan was provided in the supplied footnotes.
Insider Transaction Report
Form 4
Cashman Steve
Chief Business Officer
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-04-29$4.91/sh−147,518$724,166→ 2,029,868 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 $4.82 to $5.125 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.
Signature
/s/ Nick Caezza, Attorney-in-Fact|2026-05-01