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

Andrei G. Stoica, Chief Technology Officer of Butterfly Network, sold 1,805 shares of Class A Common Stock on April 1, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 1, 2025, Andrei G. Stoica, the Chief Technology Officer of Butterfly Network, sold 1,805 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 $2.11 to $2.175 per share, with a weighted average sales price of $2.165.
• Following the transaction, Stoica directly owns 1,600,182 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction for tax purposes and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The sale of shares could have a minor, temporary impact on the stock price due to the increased supply.

Key Dates

Keywords

Butterfly Network, BFLY, Andrei Stoica, stock sale, Form 4, SEC, tax obligations, restricted stock units, insider trading