Caezza Nicholas 4
4 · Butterfly Network, Inc. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Butterfly Network (BFLY) Deputy GC Nicholas Caezza Sells Shares
What Happened
Nicholas Caezza, Deputy General Counsel of Butterfly Network (BFLY), sold 1,733 shares on 2026-06-02 in a disposition generating $7,831 in proceeds. The reported weighted average sale price was $4.52 per share (individual sale prices ranged $4.46–$4.57). This was a sale (not a purchase) and appears to be routine sell‑to‑cover activity for tax withholding rather than a discretionary market trade.
Key Details
- Transaction date: 2026-06-02; Form 4 filed: 2026-06-04 (filed within the normal 2-business-day window).
- Transaction type/code: Sale (S); proceeds shown $7,831.
- Shares sold: 1,733; weighted average price $4.52; price range $4.46–$4.57 (Footnote F2).
- Footnote F1: Sale was automatic under the issuer’s sell‑to‑cover policy to satisfy tax withholding on vested RSUs; not at the reporting person’s discretion.
- Shares owned after transaction: Not reported in the provided filing.
Context
Sell‑to‑cover transactions are common when restricted stock units vest and are used solely to satisfy withholding taxes; they generally do not indicate insider sentiment about the company’s prospects. This report shows no option exercise, gift, or discretionary open‑market purchase by the insider.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-06-02$4.52/sh−1,733$7,831→ 310,307 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 $4.46 to $4.57 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.