Weiss Lawrence T. - 01 Mar 2023 Form 4 Insider Report for Butterfly Network, Inc. (BFLY)

Role
CLO, GC and Corp Sec
Signature
/s /Lawrence T. Weiss, Attorney-in-Fact for Lawrence T. Weiss
Issuer symbol
BFLY
Transactions as of
01 Mar 2023
Net transactions value
$0
Form type
4
Filing time
03 Mar 2023, 17:00:44 UTC
Previous filing
24 May 2022
Next filing
26 May 2023
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 +174,000 +25% $0.000000 864,789 01 Mar 2023 Direct F1
transaction BFLY Class A Common Stock Award $0 +452,000 +52% $0.000000 1,316,789 01 Mar 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of common stock upon vesting. The RSUs vest as to 50% on July 1, 2023 with the remainder vesting on January 1, 2024, subject to Mr. Weiss's continued service through the applicable vesting date.
F2 Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of common stock upon vesting. The RSUs vest as to 33.33% on each anniversary of the grant date, subject to Mr. Weiss's continued service through the applicable vesting date.