Doherty John N. 4

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.