Form 4: Butterfly Network's CTO, Andrei Stoica, Sells Shares to Cover Tax Obligations

Andrei Stoica, Chief Technology Officer of Butterfly Network, sold 11,754 shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On June 5, 2024, Andrei Stoica, the Chief Technology Officer of Butterfly Network, sold 11,754 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 $0.902, with individual sales prices ranging from $0.8826 to $0.9212 per share.
• Following the transaction, Stoica still beneficially owns 1,485,804 shares of Butterfly Network's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions. It's common for executives to sell shares to cover tax obligations when restricted stock units vest. The sale itself doesn't necessarily indicate a negative outlook on the company.

Key Dates