Form 4: Butterfly Network Executive Sells Shares to Cover Tax Obligations

Heather Getz, EVP, CFO & COO of Butterfly Network, sold 81,448 shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 11, 2024, Heather Getz, the EVP, CFO & COO of Butterfly Network, sold 81,448 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 $1.14, with individual sales prices ranging from $1.10 to $1.21 per share.
• Following the transaction, Getz directly owns 1,435,788 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover taxes). It's neutral in sentiment as it doesn't indicate positive or negative developments for the company.

Industry Context

Sales of shares to cover tax obligations are a routine part of executive compensation, particularly when dealing with vesting restricted stock units. It doesn't necessarily reflect a change in the executive's long-term outlook for the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on the company's operations or financial performance.

Key Dates