Doherty John N. 4
4 · Butterfly Network, Inc. · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
Butterfly Network (BFLY) CFO John Doherty Sells 55,229 Shares
What Happened John N. Doherty, Executive Vice President and Chief Financial Officer of Butterfly Network (BFLY), reported an open-market sale of 55,229 shares on July 7, 2026. The shares were sold at a weighted average price of $7.87 per share (range $7.735–$8.11), producing total gross proceeds of approximately $434,818. This was a sale (S) executed to satisfy tax withholding associated with the vesting of restricted stock units.
Key Details
- Transaction date: 2026-07-07; Form 4 filed 2026-07-08 (timely).
- Shares sold: 55,229; weighted average price: $7.87; price range: $7.735–$8.11.
- Total proceeds: ~$434,818.
- Reason: Automatic "sell-to-cover" to satisfy tax withholding on RSU vesting (footnote F1) — not a discretionary sale by the reporting person.
- Footnote F2: Breakdown of shares sold at each specific price is available upon request to the SEC, the issuer, or a security holder.
- Shares owned after the transaction: not disclosed in the provided excerpt of the filing.
Context Sell-to-cover transactions are routine administrative sales to meet tax obligations when restricted stock units vest and generally do not by themselves indicate an insider's change in sentiment. Purchases or discretionary sales provide more direct insight into an insider's market view.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-07-07$7.87/sh−55,229$434,818→ 1,454,412 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 $7.735 to $8.11 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.