Form 4: Butterfly Network CEO Joseph DeVivo Acquires 104,000 Shares of Common Stock

Butterfly Network's CEO, Joseph DeVivo, recently purchased 104,000 shares of Class A Common Stock at an average price of $0.9473 per share.

Summary

• On August 7, 2024, Joseph DeVivo, the President and CEO of Butterfly Network, Inc., acquired 104,000 shares of Class A Common Stock.
• The purchase was made at a weighted average price of $0.9473 per share, with individual prices ranging from $0.935 to $0.9636.
• Following the transaction, DeVivo directly owns 7,009,221 shares of Butterfly Network's Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The CEO's purchase is a positive sign, but it's a routine transaction disclosure.

Positives

• The CEO's purchase of a significant number of shares could be interpreted as a sign of confidence in the company's future prospects.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future performance. This purchase could be seen as a positive signal to the market.

Stakeholder Impact

• The transaction may have a slightly positive impact on shareholder sentiment.

Key Dates