Heather C. Getz - 13 Jul 2023 Form 4 Insider Report for Butterfly Network, Inc. (BFLY)

Role
EVP, CFO & COO
Signature
/s/ Nick Caezza, Attorney-in-Fact for Heather C. Getz
Issuer symbol
BFLY
Transactions as of
13 Jul 2023
Net transactions value
$0
Form type
4
Filing time
14 Jul 2023, 17:06:17 UTC
Previous filing
06 Jul 2023
Next filing
09 Jan 2024
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 +200,000 +14% $0.000000 1,583,378 13 Jul 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of performance-based RSUs. The RSUs underlying this grant shall vest as follows: (i) one-third shall vest upon the achievement of a price for the Common Stock equal to or exceeding $3.00 per share, (ii) one-third shall vest upon the achievement of a price for the Common Stock equal to or exceeding $4.50 per share and (iii) one-third shall vest upon the achievement of a price for the Common Stock equal to or exceeding $6.00 per share. In each case, the closing stock price for 20 consecutive trading days must equal or exceed the share price targets, provided such share price is achieved prior to July 13, 2028, subject to the Reporting Person's continued service through the applicable vesting date.

Remarks:

Exhibit 24 - Power of Attorney