Form 4: Butterfly Network Counsel Sells Shares for Tax Cover

Butterfly Network's Deputy General Counsel, Nicholas Caezza, sold 3,118 shares of Class A Common Stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Nicholas Caezza, Deputy General Counsel of Butterfly Network, Inc. (BFLY), reported a sale of 3,118 shares of Class A Common Stock.
• The transaction occurred on August 4, 2025, at a weighted average price of $1.45 per share.
• The sales were executed under a 'sell-to-cover' policy to satisfy tax withholding obligations from the vesting of restricted stock units.
• These sales were automatic and not at the discretion of Mr. Caezza.
• Following this transaction, Mr. Caezza beneficially owns 234,445 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a non-discretionary 'sell-to-cover' sale for tax purposes, which is a routine event and does not reflect a change in management's view of the company's prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The Issuer has adopted a 'sell-to-cover' policy to satisfy the tax withholding obligations of the Reporting Person.
• The sales reported on this Form 4 represent the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units.
• Such sales were automatic and not at the discretion of the Reporting Person.

Industry Context

This Form 4 filing reports a routine, non-discretionary insider transaction for tax purposes, which is common across all industries when restricted stock units vest for employees and executives.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a small, routine, non-discretionary sale for tax purposes by an officer, not indicative of a change in company fundamentals or insider sentiment.

Key Dates

Keywords

Butterfly Network, BFLY, SEC Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Withholding, Corporate Officer