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

Andrei G. Stoica, Chief Technology Officer of Butterfly Network, sold 3,354 shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Andrei G. Stoica, the Chief Technology Officer of Butterfly Network, Inc. (BFLY), sold 3,354 shares of Class A Common Stock on March 26, 2025.
• 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 $2.688, with individual sales prices ranging from $2.665 to $2.705 per share.
• Following the transaction, Stoica directly owns 1,601,987 shares of Butterfly Network's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (sale of shares for tax obligations) and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it is a small percentage of the total outstanding shares and is related to tax obligations.

Key Dates

Keywords

Butterfly Network, BFLY, Andrei Stoica, insider trading, Form 4, stock sale, tax withholding, restricted stock units, executive compensation