David Perri - 08 Jun 2021 Form 4 Insider Report for Butterfly Network, Inc. (BFLY)

Role: Chief Operating Officer
Signature: s/ Mary Miller, as Attorney-in-Fact for David Perri
Issuer symbol: BFLY
Transactions as of: 08 Jun 2021
Net transactions value: -$1,386,980
Form type: 4
Filing time: 10 Jun 2021, 16:20:44 UTC
Next filing: 24 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFLY	Common Stock	Options Exercise	$65,945	+13,625		$4.84	13,625	08 Jun 2021	Direct
transaction	BFLY	Common Stock	Sale	$190,750	-13,625	-100%	$14.00^*	0	08 Jun 2021	Direct
transaction	BFLY	Common Stock	Options Exercise	$666,913	+137,792		$4.84	137,792	08 Jun 2021	Direct
transaction	BFLY	Common Stock	Sale	$1,929,088	-137,792	-100%	$14.00^*	0	08 Jun 2021	Direct	F1

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	Stock Option (right to buy)	Options Exercise	$0	-137,792	-27%	$0.000000	381,357	08 Jun 2021	Class A Common Stock	137,792	$4.84	Direct	F2
transaction	BFLY	Stock Option (right to buy)	Options Exercise	$0	-13,625	-3.6%	$0.000000	367,732	08 Jun 2021	Class A Common Stock	13,625	$4.84	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents the weighted average sales price per share. The shares sold at prices ranging from $14.00 to $14.01 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.
F2	25% of the shares subject to the option vested on March 31, 2021, and 1/48th of the shares subject to the option vest on each monthly anniversary thereafter, subject to the Reporting Person's continuous service through each vesting date.