Form 4: Jonathan Rothberg Reports Acquisition of Butterfly Network Stock

Jonathan Rothberg, a director and 10% owner of Butterfly Network, acquired 157,894 shares of Class A Common Stock on June 10, 2024, as part of a restricted stock unit grant.

Summary

• Jonathan Rothberg, a director and significant shareholder of Butterfly Network, filed a Form 4 detailing changes in beneficial ownership.
• On June 10, 2024, Rothberg acquired 157,894 shares of Class A Common Stock through a restricted stock unit (RSU) grant.
• These RSUs vest fully on the date of the Issuer's 2025 Annual Stockholders Meeting, contingent upon continued service on the Board of Directors.
• The acquisition was priced at $0.00 per share.
• Following the transaction, Rothberg directly owns 2,799,818 shares of Class A Common Stock.
• Rothberg also indirectly owns shares through various trusts and holdings, including 1997 JMR Trust Common, LLC, 4C Holdings I-V, LLC, NVR TR, LLC, JNR TR, LLC, JAR TR, LLC, GBR TR, LLC and EJR TR, LLC, and Bonnie E Gould Rothberg MD.
• Rothberg disclaims beneficial ownership of shares held by these entities except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing. The acquisition of shares by a director is generally viewed positively, but it's part of a pre-defined compensation plan.

Positives

• The acquisition of shares by a director may signal confidence in the company's future prospects.

Future Outlook

The RSUs vest in full on the date of the Issuer's 2025 Annual Stockholders Meeting, subject to the Reporting Person's continued service on the Board of Directors on such date.

Management Comments

• Dr. Rothberg disclaims beneficial ownership of the securities held by these persons and entities except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates