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

Role: Chief Commercial Officer
Signature: /s/ Mary Miller, as Attorney-in-Fact for Stacey Pugh
Issuer symbol: BFLY
Transactions as of: 12 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 14 Jul 2021, 20:19:55 UTC
Next filing: 17 Feb 2022
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	+46,074	+22%	$0.000000	253,734	12 Jul 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	+91,853		$0.000000	91,853	12 Jul 2021	Common Stock	91,853	$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, 50% 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 eight equal quarterly installments over the following two years, subject to continued service to the Company through the applicable vesting dates.
F2	This award will vest on as to 25% of the award on February 15, 2022, with the remainder of the award to vest in equal monthly installments over the following three years, subject to continued service to the Company through the applicable vesting dates.