Larry Robbins - Mar 11, 2022 Form 4 Insider Report for Butterfly Network, Inc. (BFLY)

Role: Director
Signature: /s/ Larry Robbins
Stock symbol: BFLY
Transactions as of: Mar 11, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/11/2022, 04:00 PM
Previous filing: Jul 2, 2021
Next filing: Mar 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFLY	Class A Common Stock	Other	$0	-3.16M	-30.75%	$0.00	7.12M	Mar 11, 2022	See footnotes	F1, F2, F4
holding	BFLY	Class A Common Stock						4.96M	Mar 11, 2022	See footnote	F3, F4
holding	BFLY	Class A Common Stock						13.2K	Mar 11, 2022	Direct	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BFLY	Warrants to purchase Class A Common Stock	Other	$0	-2.11M	-30.75%	$0.00	4.75M	Mar 11, 2022	Class A Common Stock	2.11M	$11.50	See footnotes	F2, F4, F6, F7

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

Explanation of Responses:

Id	Content
F1	Longview Investors LLC ("Longview") distributed in kind these shares of the Issuer's Common Stock, par value $0.0001 per share (the "Shares") to certain of its members on a pro rata basis based on their ownership interest in Longview, for no consideration.
F2	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.
F3	Glenview Capital Partners, L.P., Glenview Institutional Partners, L.P., Glenview Capital Master Fund, Ltd., Glenview Capital Opportunity Fund, L.P., Glenview Offshore Opportunity Master Fund, Ltd. and Glenview Healthcare Master Fund, L.P. (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.
F4	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.
F5	Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one Share upon vesting. The RSUs vest in equal annual installments over three years beginning on February 16, 2022, subject to Mr. Robbins' continued service through the applicable vesting date.
F6	Longview distributed in kind these Warrants (as defined in footnote 7) to certain of its members on a pro rata basis based on their ownership interest in Longview, for no consideration.
F7	Each warrant entitles the holder, upon exercise, to purchase one Share at a price of $11.50 per Share (the "Warrants"). These Warrants became exercisable beginning May 26, 2021 and expire on February 12, 2026.