Butterfly Network, Inc. (BFLY) — Insider Trading

AI-Powered SEC Filing Analysis

Latest Insider Trading Filed: 2026-05-05

Key Insights

CAO and SVP of Finance Megan Carlson sold 110,422 shares on May 1, 2026 at a weighted average price of $4.749, representing a significant insider sale by a senior finance executive.
Post-transaction, Carlson retains 507,209 shares of beneficial ownership, indicating she maintains substantial equity stake despite the sale and did not completely divest her position.
The sale occurred at relatively depressed price levels ($4.735-$4.785 range), suggesting either opportunistic selling during a weak period or potential concerns about near-term stock performance by a key finance officer.
As CAO and SVP of Finance, this insider's sale may signal reduced confidence in the company's financial trajectory or valuation at current levels, warranting investor scrutiny of recent financial performance.

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Earlier Insider Trading filings

Filed: 2026-05-01

Chief Business Officer Steve Cashman sold 147,518 shares on April 29, 2026, at an average price of $4.909 per share, generating approximately $724,000 in proceeds through an automatic 'sell-to-cover' tax withholding policy rather than a discretionary sale.
Following the transaction, Cashman retains direct beneficial ownership of 2,029,868 Class A Common Stock shares, indicating substantial continued confidence in the company despite the tax-driven sale.
The sale price range of $4.82-$5.125 per share reflects a relatively narrow trading band, suggesting modest stock volatility during the transaction execution period.
This is a routine equity transaction tied to restricted stock unit vesting rather than a strategic insider position change, as the company's 'sell-to-cover' policy automatically executes sales to fund tax obligations.

Filed: 2026-04-17

Steve Cashman, the Chief Business Officer of Butterfly Network, Inc. (BFLY), sold 200,000 shares of Class A Common Stock on April 16, 2026 under a Rule 10b5-1 trading plan.
The shares were sold at a weighted average price of $5.222 per share, with prices ranging from $5.00 to $5.610 per share.
Cashman's remaining beneficial ownership in BFLY is 2,177,386 shares, indicating he still holds a significant position in the company.

Filed: 2026-03-06

The reporting person, Joseph DeVivo, who is the President and CEO of Butterfly Network, Inc., sold 482,149 shares of the company's Class A common stock on March 5, 2026, at an average price of $3.709 per share.
The sale of shares appears to be a 'sell-to-cover' transaction to satisfy tax withholding obligations in connection with the vesting of restricted stock units, rather than a discretionary sale.
Following the reported transaction, the reporting person still holds a significant 8,030,899 shares of the company's Class A common stock, indicating continued ownership and commitment to the company.

Filed: 2026-03-04

Megan Carlson, the CAO and SVP of Finance at Butterfly Network, Inc. (BFLY), acquired 97,883 restricted stock units (RSUs) on March 2, 2026, vesting over the next three years.
Carlson also sold 41,978 shares on March 3, 2026 at an average price of $3.712 per share, likely to cover tax withholding obligations associated with the RSU vesting.
The insider selling activity represents a relatively small portion of Carlson's total beneficial ownership, which remains at 617,631 shares of BFLY's Class A common stock.

Filed: 2026-03-04

Insider Nicholas Caezza acquired 89,359 restricted stock units (RSUs) of Butterfly Network, Inc. (BFLY), indicating potential confidence in the company's long-term prospects.
Caezza also sold 14,209 shares of BFLY stock, likely to cover tax withholding obligations related to the vesting of the RSUs, suggesting a mix of insider buying and selling activity.
The reported transactions suggest ongoing equity-based compensation for the Deputy General Counsel, which may align his interests with those of other shareholders.

Filed: 2026-03-04

Insider Joseph DeVivo, the President and CEO of Butterfly Network, Inc., acquired a significant amount of restricted stock units (RSUs) worth 1,424,534 shares on March 2, 2026, signaling his strong commitment to the company.
DeVivo subsequently sold 161,275 shares of Class A common stock on March 3, 2026, likely to cover tax withholding obligations related to the vesting of the RSUs, rather than for personal reasons.
The reported transactions indicate that DeVivo remains a major beneficial owner of Butterfly Network, Inc., holding 8,513,048 shares of Class A common stock following the reported transactions.

Filed: 2026-03-04

Insider Steve Cashman, Chief Business Officer, acquired a significant number of 488,042 restricted stock units (RSUs) of Butterfly Network, Inc. (BFLY) on March 2, 2026, indicating his confidence in the company's future.
Cashman also sold 42,540 shares of BFLY stock on March 3, 2026, likely to cover tax withholding obligations related to the vesting of the RSUs, suggesting a 'sell-to-cover' strategy.
The acquisition of RSUs and subsequent sale of shares suggest Cashman's ongoing commitment to Butterfly Network and his belief in the company's long-term prospects.

Filed: 2026-03-04

Insider Victor Ku, the Chief Technology Officer, acquired 287,326 restricted stock units (RSUs) of Butterfly Network, Inc. (BFLY) on March 2, 2026. This suggests Ku has a positive outlook on the company's long-term prospects.
The RSUs vest over three equal annual installments starting March 1, 2027, indicating Ku's commitment to Butterfly Network's future success.
Insider buying of this magnitude, representing a significant increase in Ku's ownership stake, could signal confidence in the company's growth potential.

Filed: 2026-03-02

Insider Steve Cashman sold 250,000 shares of Butterfly Network (BFLY) common stock, representing a significant reduction in his beneficial ownership.
The transaction was executed pursuant to a pre-planned 10b5-1 trading plan, suggesting the sale may have been part of a larger portfolio diversification strategy rather than a reaction to company-specific concerns.
The weighted average sale price of $4.35 per share is in the middle of the reported price range, indicating the shares were likely sold in an orderly manner over time rather than all at once.

Other reports for Butterfly Network, Inc.

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Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.