Form 4: Larry Robbins Reports Acquisition of Butterfly Network Shares

Larry Robbins, a director and 10% owner of Butterfly Network, Inc., reports the acquisition of 244,774 shares of Class A Common Stock at a weighted average price of $1.0714.

Summary

• On August 30, 2024, Larry Robbins reported the acquisition of 244,774 shares of Butterfly Network, Inc.'s Class A Common Stock.
• The shares were purchased at a weighted average price of $1.0714, with individual prices ranging from $1.035 to $1.09.
• Following the transaction, Robbins beneficially owns 9,955,144 shares indirectly through Glenview Investment Funds, 4,546,687 shares indirectly through Longview Investors LLC, and 285,071 shares directly, including 157,894 unvested restricted stock units (RSUs).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard Form 4 filing indicating a purchase of shares by a director. While insider buying can be seen as a positive signal, it's not overwhelmingly positive without more context.

Positives

• The acquisition of shares by a director and significant owner could be interpreted as a positive signal about the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. The significance depends on the size of the transaction relative to the insider's holdings and the company's market capitalization.

Stakeholder Impact

• The transaction could potentially influence shareholder confidence, depending on how the market interprets the insider buying activity.

Key Dates