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

Heather Getz, EVP, CFO & COO of Butterfly Network, sold 65,456 shares of Class A Common Stock on May 5, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On May 5, 2025, Heather Getz, the EVP, CFO & COO of Butterfly Network, sold 65,456 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 $2.201, with individual sales prices ranging from $2.175 to $2.28 per share.
• Following the transaction, Getz directly owns 2,919,274 shares of Class A Common Stock.
• The sale was automatic and not at the discretion of the reporting person, according to the issuer's 'sell-to-cover' policy.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't reflect a change in the executive's outlook on the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be routine, related to tax obligations, and doesn't necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of shares could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates

Keywords

Form 4, Butterfly Network, Heather Getz, Stock Sale, Tax Withholding, Restricted Stock Units, BFLY