ROBBINS LARRY 4
4 · Butterfly Network, Inc. · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Butterfly Network Director Larry Robbins Receives RSU Award
What Happened
- Larry Robbins, a member of Butterfly Network's Board of Directors, was granted 25,447 restricted stock units (RSUs) on 2026-06-22. The Form 4 reports an acquisition price of $0.00, which is standard for equity awards (no cash purchase).
- Each RSU represents the right to receive one share of Class A common stock upon vesting. These RSUs vest in full on the date of Butterfly Network’s 2027 Annual Stockholders Meeting, subject to Mr. Robbins’ continued board service. This was an award/compensation transaction, not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-06-22, 25,447 RSUs, reported price $0.00.
- Vesting: RSUs vest in full on the Issuer’s 2027 Annual Stockholders Meeting, contingent on continued service.
- Shares owned after transaction: not specified in the filing.
- Notable footnotes:
- F1: Describes RSU mechanics and vesting terms (annual non‑employee director grant).
- F2–F4: Identifies Glenview Investment Funds and Longview Investors LLC as record holders of other Butterfly shares; Mr. Robbins may be deemed to beneficially own those shares through his roles but disclaims ownership except for any pecuniary interest.
- Exhibit 24: Power of Attorney included.
- Timeliness: Filing date equals report date (2026-06-22); no late filing indicated.
Context
- RSU awards to non-employee directors are routine compensation and do not reflect an immediate cash outflow or an open-market purchase/sale. They convert into shares only if and when they vest.
- Because the grant is compensation, it should be viewed differently than insider purchases (which can be a stronger bullish signal) or sales (which can indicate liquidity needs or rebalancing).
Insider Transaction Report
Form 4
ROBBINS LARRY
Director
Transactions
- Award
Class A Common Stock
[F1]2026-06-22+25,447→ 390,952 total
Holdings
- 14,335,055(indirect: See footnotes)
Class A Common Stock
[F2][F4] - 4,546,687(indirect: See footnotes)
Class A Common Stock
[F3][F4]
Footnotes (4)
- [F1]Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of Class A common stock upon vesting. The RSUs were issued to the Reporting Person as the annual grant to nonemployee directors pursuant to the Issuer's Amended and Restated Nonemployee Director Compensation Policy for services to be rendered to the Issuer as a member of its Board of Directors. The RSUs vest in full on the date of the Issuer's 2027 Annual Stockholders Meeting, subject to the Reporting Person's continued service on the Board of Directors on such date.
- [F2]Glenview Capital Master Fund, Ltd., Glenview Offshore Opportunity Master Fund, Ltd. and Glenview Healthcare Master Fund, L.P. (the "Glenview Investment Funds") are the record holders of these shares. Mr. Robbins is the Founder, Portfolio Manager and CEO of Glenview Capital Management, LLC, which serves as investment manager to each of the Glenview Investment Funds. Mr. Robbins shares voting and dispositive power over the shares held by the Glenview Investment Funds and may be deemed to beneficially own such shares.
- [F3]Longview Investors LLC ("Longview"), or its affiliates, is the record holder of these securities. Mr. Robbins is the managing member of Longview. Mr. Robbins shares voting and dispositive power over the securities held by Longview and may be deemed to beneficially own such securities.
- [F4]Mr. Robbins disclaims beneficial ownership over any securities owned by Longview and the Glenview Investment Funds other than to the extent of any pecuniary interest he may have therein.
Signature
/s/ Nick Caezza, Attorney-in-Fact|2026-06-22