Form 4: Butterfly Network EVP, CFO & COO Heather Getz Sells Shares to Cover Tax Obligations

Heather Getz, EVP, CFO & COO of Butterfly Network, sold 30,136 shares of Class A Common Stock on December 20, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On December 20, 2024, Heather C. Getz, the EVP, CFO & COO of Butterfly Network, Inc. [BFLY], sold 30,136 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $3.064 per share, with individual sales prices ranging from $2.845 to $3.23.
• The transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units, according to the issuer's 'sell-to-cover' policy.
• Following the transaction, Getz directly owns 2,669,333 shares of Butterfly Network's Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of the regulatory landscape, providing transparency into the transactions of company insiders. This particular filing reflects a common practice of selling shares to cover tax obligations related to equity compensation.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates