Cashman Steve 4

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.