Larry Robbins - Aug 28, 2024 Form 4 Insider Report for Butterfly Network, Inc. (BFLY)

Role
Director
Signature
/s/ Larry Robbins
Stock symbol
BFLY
Transactions as of
Aug 28, 2024
Transactions value $
$1,683,373
Form type
4
Date filed
8/30/2024, 04:18 PM
Previous filing
Jun 12, 2024
Next filing
Sep 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFLY Class A Common Stock Purchase $929K +952K +11.85% $0.98 8.99M Aug 28, 2024 See footnotes F1, F4, F6
transaction BFLY Class A Common Stock Purchase $293K +295K +3.28% $0.99 9.28M Aug 28, 2024 See footnotes F1, F2, F4, F6
transaction BFLY Class A Common Stock Purchase $462K +430K +4.63% $1.07 9.71M Aug 29, 2024 See footnotes F1, F3, F4, F6
holding BFLY Class A Common Stock 4.55M Aug 28, 2024 See footnotes F5, F6
holding BFLY Class A Common Stock 285K Aug 28, 2024 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of the Issuer's Common Stock, par value $0.0001 per share (the "Shares") were purchased by Glenview Capital Master Fund, Ltd., Glenview Offshore Opportunity Master Fund, Ltd. and Glenview Healthcare Master Fund, L.P. (collectively, the "Glenview Investment Funds").
F2 This price reflects the weighted average price for open-market purchases of Shares on August 28, 2024 within a $1.00 range. The actual prices for these transactions range from $0.952 to $1.00, inclusive. Mr. Robbins further undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares purchased at each separate price.
F3 This price reflects the weighted average price for open-market purchases of Shares on August 29, 2024 within a $1.00 range. The actual prices for these transactions range from $1.01 to $1.10, inclusive. Mr. Robbins further undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares purchased at each separate price.
F4 The Glenview Investment Funds are the record holders of these Shares. Mr. Robbins is the Founder, Portfolio Manager and CEO of Glenview Capital Management, LLC, which serves as investment manager to each of the Glenview Investment Funds. Mr. Robbins shares voting and dispositive power over the Shares held by the Glenview Investment Funds and may be deemed to beneficially own such Shares.
F5 Longview Investors LLC ("Longview"), or its affiliates, is the record holder of these securities. Mr. Robbins is the managing member of Longview. Mr. Robbins shares voting and dispositive power over the securities held by Longview and may be deemed to beneficially own such securities.
F6 Mr. Robbins disclaims beneficial ownership over any securities owned by Longview and the Glenview Investment Funds other than to the extent of any pecuniary interest he may have therein.
F7 Includes 157,894 unvested restricted stock units ("RSUs"). Each RSU represents the right to receive one Share upon vesting. The RSUs vest in full on the date of the Issuer's 2025 Annual Stockholders Meeting, subject to Mr. Robbins' continued service on the Board of Directors on such date.