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

Andrei Stoica, Chief Technology Officer of Butterfly Network, sold 12,113 shares of Class A Common Stock on March 5, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 5, 2024, Andrei Stoica, the Chief Technology Officer of Butterfly Network, sold 12,113 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 prices ranging from $1.12 to $1.225 per share, with a weighted average sales price of $1.15.
• Following the transaction, Stoica directly owns 966,173 shares of Butterfly Network's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax obligations) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment.

Key Dates