David Perri - Aug 23, 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
Stock symbol
BFLY
Transactions as of
Aug 23, 2021
Transactions value $
-$470,984
Form type
4
Date filed
8/24/2021, 05:17 PM
Previous filing
Jun 10, 2021
Next filing
Aug 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFLY Common Stock Options Exercise $33K +6.81K $4.84 6.81K Aug 23, 2021 Direct
transaction BFLY Common Stock Options Exercise $333K +68.9K +1011.51% $4.84 75.7K Aug 23, 2021 Direct
transaction BFLY Common Stock Sale -$75.3K -6.81K -9% $11.06* 68.9K Aug 23, 2021 Direct F1
transaction BFLY Common Stock Sale -$762K -68.9K -100% $11.06* 0 Aug 23, 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 -68.9K -100% $0.00* 0 Aug 23, 2021 Common Stock 68.9K $4.84 Direct F2
transaction BFLY Stock Option (Right to Buy) Options Exercise $0 -6.81K -100% $0.00* 0 Aug 23, 2021 Common Stock 6.81K $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 $11.00 to $11.18 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, with six months of accelerated vesting pursuant to a Separation Agreement between the Issuer and the Reporting Person dated as of July 28, 2021.