ROBBINS LARRY 4

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).