S. Louise Phanstiel - Jun 20, 2023 Form 4 Insider Report for Butterfly Network, Inc. (BFLY)

Role: Director
Signature: /s / Lawrence T. Weiss, Attorney-in-Fact
Stock symbol: BFLY
Transactions as of: Jun 20, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/22/2023, 04:31 PM
Previous filing: Jun 2, 2023
Next filing: Jun 7, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFLY	Class A Common Stock	Award	$0	+65.8K	+107.17%	$0.00	127K	Jun 20, 2023	Direct	F1
holding	BFLY	Class A Common Stock						60K	Jun 20, 2023	Held by H.G. Phanstiel 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 2024 Annual Stockholders Meeting, subject to the Reporting Person's continued service on the Board of Directors on such date.
F2	Ms. Phanstiel is the Managing Member of H.G. Phanstiel LP. Ms. Phanstiel disclaims beneficial ownership of the securities held by H.G. Phanstiel LP except to the extent of her 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 2024 Annual Stockholders Meeting, subject to the Reporting Person's continued service on the Board of Directors on such date.

Ms. Phanstiel is the Managing Member of H.G. Phanstiel LP. Ms. Phanstiel disclaims beneficial ownership of the securities held by H.G. Phanstiel LP except to the extent of her pecuniary interest therein.