DEVIVO JOSEPH 4

What Happened

• Joseph DeVivo, President & CEO and a director of Butterfly Network (BFLY), disposed of 211,798 shares on 2026-07-20. The weighted-average sale price was $6.56 per share, generating gross proceeds of approximately $1,389,395. The filing indicates these sales were made to cover tax withholding obligations tied to the vesting of restricted stock units.

Key Details

• Transaction date: 2026-07-20; Form 4 filed 2026-07-21 (timely filing).
• Transaction type: Sale (open market or private sale) reported as S.
• Shares sold: 211,798; weighted-average price: $6.56; price range: $6.46–$6.665 per share.
• Total proceeds: ~$1,389,395 (gross).
• Footnote: Sell-to-cover was automatic to satisfy tax withholding for RSU vesting (not at DeVivo’s discretion). Full breakdown of shares sold at each price available on request to the SEC, issuer, or a security holder.
• Shares owned after transaction: Not specified in the provided filing.

Context

• These sales are described as routine sell-to-cover transactions to satisfy tax obligations upon RSU vesting rather than discretionary insider selling. Such automatic withholding sales are common and do not necessarily indicate the insider’s view on the company’s prospects.