SCHEDULE: Vanguard Group Reports 0% Stake in Butterfly Network

The Vanguard Group has filed an amended Schedule 13G, reporting a 0% beneficial ownership stake in Butterfly Network Inc. following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 1 to Schedule 13G regarding Butterfly Network Inc. (CUSIP: 124155102).
• The filing indicates that The Vanguard Group now beneficially owns 0% of Butterfly Network Inc.'s Common Stock, with 0 shares having sole or shared voting and dispositive power.
• This change is a result of an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• In accordance with SEC Release No. 34-39538, certain subsidiaries or business divisions of Vanguard will now report beneficial ownership separately (on a disaggregated basis).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated subsidiaries and/or business divisions.
• These subsidiaries and/or business divisions will continue to pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event for Butterfly Network Inc. as the change in beneficial ownership by The Vanguard Group is explicitly due to an internal organizational realignment for reporting purposes, not a change in investment strategy or outlook on the issuer.

Management Comments

• On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment.
• In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.
• These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.

Industry Context

StockSavvy.ai notes that this filing primarily reflects an internal organizational change within The Vanguard Group, a major institutional investor, rather than a direct shift in investment thesis regarding Butterfly Network Inc.'s industry position or performance. While a reduction to 0% beneficial ownership by a large fund manager might typically raise questions, the explicit explanation of disaggregated reporting due to internal realignment suggests no immediate implications for the broader medical device or health tech industry trends.

Stakeholder Impact

• Shareholders of Butterfly Network Inc. should be aware that The Vanguard Group, Inc. no longer reports beneficial ownership of their shares directly, though underlying investment strategies by Vanguard's subsidiaries remain unchanged.

Key Dates

Keywords

Butterfly Network Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Ownership Change