Lawrence T. Weiss - May 24, 2023 Form 4 Insider Report for Butterfly Network, Inc. (BFLY)

Role
CLO, GC and Corp Sec
Signature
/s / Lawrence T. Weiss
Stock symbol
BFLY
Transactions as of
May 24, 2023
Transactions value $
-$116,076
Form type
4
Date filed
5/26/2023, 04:17 PM
Previous filing
Mar 3, 2023
Next filing
Jul 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFLY Class A Common Stock Sale -$116K -52.3K -3.97% $2.22 1.26M May 24, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer has adopted a "sell-to-cover" policy to satisfy the tax withholding obligations of the Reporting Person. The sales reported on this Form 4 represent the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. Such sales were automatic and intended to qualify under Rule 10b5-1.
F2 Represents the weighted average sales price per share. The shares sold at prices ranging from $2.16 to $2.28 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.