Form 4: Butterfly Network CBO Sells 250K Shares

Butterfly Network's Chief Business Officer, Steve Cashman, sold 250,000 shares of Class A Common Stock for a weighted average price of $4.348 per share.

Summary

• Steve Cashman, Chief Business Officer of Butterfly Network, Inc. (BFLY), reported a sale of Class A Common Stock.
• The transaction involved the disposition of 250,000 shares.
• The sale occurred on February 26, 2026, at a weighted average price of $4.348 per share.
• Individual share prices ranged from $3.99 to $4.955.
• The transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Cashman on September 12, 2025.
• Following this transaction, Mr. Cashman beneficially owns 1,931,884 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. While an insider sale, it was pre-planned under Rule 10b5-1, which mitigates concerns about immediate negative sentiment regarding the company's prospects.

Negatives

• An insider sale of 250,000 shares by the Chief Business Officer occurred.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales, particularly those executed under a pre-arranged Rule 10b5-1 trading plan, are a common practice for executives to manage personal liquidity and diversify their portfolios. Such transactions do not inherently signal a change in the company's operational outlook or performance, as the decision to sell was made well in advance of the transaction date.

Stakeholder Impact

• Shareholders may observe the insider sale, but the context of a pre-arranged 10b5-1 plan typically reduces concerns about management's confidence in the company's future.

Key Dates

Keywords

Butterfly Network, BFLY, Insider Sale, Form 4, Steve Cashman, Stock Transaction, 10b5-1 Plan