Joseph Devivo - 24 Apr 2023 Form 4 Insider Report for Butterfly Network, Inc. (BFLY)

Reporting relationship: President & CEO, Director
Issuer ticker: BFLY
Reported as of: 24 Apr 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 26 Apr 2023, 16:02:29 UTC
Next SEC filing: 01 Sep 2023
Source filing: View source filing
Reporting owner signature: /s / Lawrence T. Weiss, Attorney-in-Fact for Joseph DeVivo

Key filing fact

Joseph Devivo filed Form 4 for Butterfly Network, Inc. (BFLY) on 26 Apr 2023.

Key facts

This page summarizes Joseph Devivo's Form 4 filing for Butterfly Network, Inc. (BFLY).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 26 Apr 2023, 16:02.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BFLY transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +2,400,000
Change %
Price: $0.000000
Shares after: 2,400,000
Date: 24 Apr 2023
Ownership: Direct
Footnotes: F1

BFLY transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +1,600,000
Change %: +67%
Price: $0.000000
Shares after: 4,000,000
Date: 24 Apr 2023
Ownership: Direct
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of Class A Common Stock ("Common Stock") upon vesting. One-third of the RSUs underlying this grant vest on April 24, 2023, and the remainder shall vest on a pro rata annual basis over the next two years, subject to the Reporting Person's continued service through the applicable vesting date.

Footnote F2

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 April 24, 2028, subject to the Reporting Person's continued service through the applicable vesting date.