JOHN H. HAMMERGREN - 17 Jun 2022 Form 4 Insider Report for Butterfly Network, Inc. (BFLY)

Role: Director
Signature: /s/ Lawrence T. Weiss, Attorney-in-Fact
Issuer symbol: BFLY
Transactions as of: 17 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 22 Jun 2022, 16:10:58 UTC
Previous filing: 02 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFLY	Class A Common Stock	Award	$0	+48,231	+367%	$0.000000	61,388	17 Jun 2022	Direct	F1
holding	BFLY	Class A Common Stock						120,099	17 Jun 2022	Held by Triumph Ventures LP	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of Class A common stock upon vesting. The RSUs were issued to the Reporting Person as the annual grant to nonemployee directors pursuant to the Issuer's Amended and Restated Nonemployee Director Compensation Policy for services to be rendered to the Issuer as a member of its Board of Directors. The RSUs vest in full on the date of the Issuer's 2023 Annual Stockholders Meeting, subject to the Reporting Person's continued service on the Board of Directors on such date.
F2	Mr. Hammergren is the President of The Stoneyfield Group LLC, the General Partner of Triumph Ventures LP. Mr. Hammergren disclaims beneficial ownership of the securities held by Triumph Ventures LP except to the extent of his pecuniary interest therein.

Content

Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of Class A common stock upon vesting. The RSUs were issued to the Reporting Person as the annual grant to nonemployee directors pursuant to the Issuer's Amended and Restated Nonemployee Director Compensation Policy for services to be rendered to the Issuer as a member of its Board of Directors. The RSUs vest in full on the date of the Issuer's 2023 Annual Stockholders Meeting, subject to the Reporting Person's continued service on the Board of Directors on such date.

Mr. Hammergren is the President of The Stoneyfield Group LLC, the General Partner of Triumph Ventures LP. Mr. Hammergren disclaims beneficial ownership of the securities held by Triumph Ventures LP except to the extent of his pecuniary interest therein.

Remarks:

Exhibit 24.1 - Power of Attorney