Form 4: Butterfly Network's Chief Technology Officer Sells Shares to Cover Tax Obligations

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

Summary

• On March 25, 2024, Andrei G. Stoica, the Chief Technology Officer of Butterfly Network, sold 3,298 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 $1.025, with individual sales prices ranging from $1.00 to $1.0575 per share.
• Following the transaction, Stoica directly owns 1,499,336 shares of Butterfly Network's Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the insider's view of the company.

Industry Context

Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company insiders. This sale appears to be related to tax obligations and not necessarily indicative of a change in sentiment regarding the company's prospects.

Key Dates