Caezza Nicholas 4

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.