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

Heather Getz, EVP, CFO & COO of Butterfly Network, sold 59,848 shares of Class A Common Stock on May 3, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On May 3, 2024, Heather C. Getz, the EVP, CFO & COO of Butterfly Network, Inc., sold 59,848 shares of Class A Common Stock.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• The shares were sold at a weighted average price of $0.953, with individual sales prices ranging from $0.9101 to $0.9937 per share.
• Following the transaction, Getz directly owns 2,699,469 shares of Class A Common Stock.
• The sale was automatic and not at the discretion of the reporting person, according to the document.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Sales of shares to cover tax obligations are a common practice among corporate executives receiving equity compensation. This filing provides transparency into such transactions at Butterfly Network.

Stakeholder Impact

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

Key Dates