Butterfly Network (BFLY) CEO Joseph DeVivo Sells 68,346 Shares
$BFLY · Butterfly Network, Inc.Research Summary
AI-generated summary of this SEC filing
Butterfly Network (BFLY) CEO Joseph DeVivo Sells 68,346 Shares
What Happened
Joseph DeVivo, President & CEO and a director of Butterfly Network (BFLY), reported the sale of 68,346 shares on August 10, 2026. The shares were disposed at a weighted average price of $10.01 per share for total proceeds of approximately $684,075. This was a sale (S) and therefore is a disposition of holdings rather than a purchase.
Key Details
- Transaction date: August 10, 2026; Form 4 filed August 12, 2026 (timely filing).
- Price: weighted average $10.01; reported sale prices ranged from $10.00 to $10.05 per share.
- Shares sold: 68,346; approximate proceeds: $684,075.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: (1) Sale was effected pursuant to a Rule 10b5-1 trading plan adopted Dec 12, 2025; (2) price range and weighted average reported, with breakdown available on request to the SEC, issuer, or a security holder.
- Transaction type: reported as open-market or private sale (Form 4 code S — sale).
Context
A 10b5-1 plan allows insiders to execute prearranged trades and is commonly used to avoid accusations of trading on material nonpublic information; such sales are typically considered routine and not necessarily a reflection of altered sentiment about the company. This report does not indicate options exercised, gifts, or tax-withholding transactions.