SCHEDULE: FMR LLC Discloses 11.8% Stake in Butterfly Network

FMR LLC, through its subsidiaries, has reported beneficial ownership of 11.8% of Butterfly Network Inc.'s Class A Common Stock as of July 31, 2026.

Summary

• FMR LLC, along with its affiliates and subsidiaries (collectively, the "FMR Reporters"), has filed a Schedule 13G.
• As of July 31, 2026, FMR LLC beneficially owns 28,952,296.89 shares of Butterfly Network Inc. Class A Common Stock.
• This represents 11.8% of the total outstanding Class A Common Stock.
• Abigail P. Johnson, a key figure in FMR LLC, also holds a significant beneficial ownership stake.
• The filing indicates that no single other person holds more than 5% of the outstanding Class A Common Stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, indicating a significant but stable institutional holding without immediate catalysts for dramatic price movement.

Positives

• Significant institutional ownership by FMR LLC, a well-established financial entity, can lend credibility and stability.
• The filing confirms a substantial holding of 11.8%, indicating confidence from a major investor.
• No other single entity holds more than 5%, suggesting a diversified institutional investor base.

Negatives

• The filing is a routine Schedule 13G, indicating no new strategic developments or significant changes in ownership strategy.
• The ownership stake is reported as of July 31, 2026, and may not reflect current holdings.
• The filing does not provide any forward-looking statements or new insights into Butterfly Network's performance.

Risks

• Potential for future changes in FMR LLC's investment strategy could lead to significant share sales.
• The concentration of ownership among FMR LLC and its affiliates could lead to concentrated selling pressure if they decide to divest.

Future Outlook

This filing is a Schedule 13G, which reports beneficial ownership and does not contain forward-looking statements or company guidance.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that significant institutional filings like this are common in the healthcare technology sector, reflecting investor interest in companies developing innovative medical devices. The 11.8% stake by FMR LLC is substantial and places them as a key stakeholder.

Related Party Transactions

• The filing mentions that members of the Johnson family may be deemed to form a controlling group with respect to FMR LLC through their ownership of voting common shares and a shareholders' voting agreement.

Stakeholder Impact

• Shareholders: The significant stake held by FMR LLC may influence market perception and trading dynamics. A large institutional holder can provide stability but also poses a risk if they decide to divest.
• Management: The presence of a large institutional investor like FMR LLC can exert influence on corporate strategy and governance decisions.
• Creditors: Stable institutional ownership can be viewed positively by creditors as it may indicate a more stable financial outlook for the company.

Next Steps

• FMR LLC will continue to hold its shares in Butterfly Network Inc. unless its investment strategy changes.
• Butterfly Network Inc. will continue its operations and business development as outlined in its other public disclosures.

Key Dates

Keywords

Butterfly Network, FMR LLC, Schedule 13G, Institutional Ownership, Class A Common Stock, Beneficial Ownership, Abigail P. Johnson