Todd Fruchterman - Jul 12, 2021 Form 4 Insider Report for Butterfly Network, Inc. (BFLY)

Signature
/s/ Mary Miller, as Attorney-in-Fact for Todd M. Fruchterman, M.D., Ph.D.
Stock symbol
BFLY
Transactions as of
Jul 12, 2021
Transactions value $
$0
Form type
4
Date filed
7/14/2021, 08:19 PM
Next filing
Nov 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFLY Class A Common Stock Award $0 +92.1K +8.87% $0.00 1.13M Jul 12, 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 Options (Right to buy) Award $0 +187K $0.00 187K Jul 12, 2021 Common Stock 187K $12.48 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This award vests based on performance criteria and time based vesting. If the performance measures are met, 66% of the earned portion of the award will vest on February 15, 2023, with the remainder of the earned portion of the award to vest in four equal quarterly installments over the following year, subject to continued service to the Company through the applicable vesting dates.
F2 This award will vest on as to 33% of the award on February 15, 2022, with the remainder of the award to vest in equal monthly installments over the following two years, subject to continued service to the Company through the applicable vesting dates.