Carlson Megan 4
4 · Butterfly Network, Inc. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Butterfly Network (BFLY) CAO Megan Carlson Sells 41,303 Shares
What Happened
Megan Carlson, Chief Accounting Officer and Senior VP, Finance of Butterfly Network (BFLY), reported the sale of 41,303 shares on 2026-07-02. The shares were sold at a weighted average price of $7.96 per share (range $7.83–$8.10), generating total proceeds of approximately $328,937. The sale was reported as a disposition (S) and was conducted to satisfy tax-withholding obligations related to vested restricted stock units.
Key Details
- Transaction date: 2026-07-02; filing date: 2026-07-07.
- Price: weighted average $7.96; range $7.83–$8.10 per share (see footnote F2 for breakdown).
- Shares sold: 41,303; proceeds ≈ $328,937.
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes: F1 — sale was an automatic "sell-to-cover" to satisfy tax withholding for RSU vesting (not at the reporting person’s discretion). F2 — weighted average shown; per-price breakdown available on request.
- Timeliness: Filing was submitted 5 days after the transaction date (appears later than the typical 2 business-day Form 4 deadline).
Context
This was a sell-to-cover sale tied to RSU vesting, a routine administrative transaction to satisfy tax obligations and not necessarily an expression of the insider’s view on the company. Purchases typically carry more weight as signals; routine withholding sales like this are common among insiders who receive equity compensation.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-07-02$7.96/sh−41,303$328,937→ 465,906 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 $7.83 to $8.10 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.