Butterfly Network CEO Joseph DeVivo Gifts 250,000 Shares

What Happened

• Joseph DeVivo, President & CEO and a director of Butterfly Network, reported gifting 250,000 shares of BFLY on August 24, 2026. The reported transaction price was $0.00, so no cash changed hands and the disclosed value is $0.

Key Details

• Transaction date: 2026-08-24; Filing date: 2026-08-25 (filed the next day; appears timely).
• Transaction type: Gift (code G) — 250,000 shares disposed at $0.00 per share.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — The shares were transferred to irrevocable trusts for the benefit of the Reporting Person’s children.
• No purchase, sale proceeds, or tax-withholding codes were reported for this transaction.

Context

• A gift is a non-sale transfer and does not generate proceeds for the insider; it generally should not be interpreted as a buy/sell signal about the insider’s view of the company’s stock price.
• Transfers to family trusts are common estate-planning moves. This transaction does not reflect a market disposition (sale) and involved no exercise of options or other derivative transactions.