Larry Robbins - May 26, 2021 Form 4 Insider Report for Butterfly Network, Inc. (BFLY)

Signature
/s/ Mark J. Horowitz, attorney-in-fact for Larry Robbins
Stock symbol
BFLY
Transactions as of
May 26, 2021
Transactions value $
$2,106,793
Form type
4
Date filed
5/28/2021, 04:24 PM
Next filing
Jul 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFLY Class A Common Stock Purchase $1.66M +150K +3.14% $11.09 4.92M May 26, 2021 See footnotes F1, F2, F5, F7
transaction BFLY Class A Common Stock Purchase $443K +39.9K +0.81% $11.10 4.96M May 27, 2021 See footnotes F3, F4, F5, F7
holding BFLY Class A Common Stock 13.2K May 26, 2021 Direct F8
holding BFLY Class A Common Stock 10.3M May 26, 2021 See footnotes F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of the Issuer's Common Stock, par value $0.0001 per share (the "Shares") were purchased by Glenview Healthcare Master Fund, L.P.
F2 This price reflects the weighted average price for open-market purchases of Shares on May 26, 2021 within a $1.00 range. The actual prices for these transactions range from $11.03 to $11.13, inclusive. Mr. Robbins further undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares purchased at each separate price.
F3 These shares were purchased by Glenview Capital Partners, L.P., Glenview Institutional Partners, L.P., Glenview Capital Master Fund, Ltd., Glenview Capital Opportunity Fund, L.P. and Glenview Offshore Opportunity Master Fund, Ltd.
F4 This price reflects the weighted average price for open-market purchases of Shares on May 27, 2021 within a $1.00 range. The actual prices for these transactions range from $11.06 to $11.10, inclusive. Mr. Robbins further undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares purchased at each separate price.
F5 Glenview Capital Partners, L.P., Glenview Institutional Partners, L.P., Glenview Capital Master Fund, Ltd., Glenview Capital Opportunity Fund, L.P., Glenview Offshore Opportunity Master Fund, Ltd. and Glenview Healthcare Master Fund, L.P. (the "Glenview Investment Funds") are the record holders of these Shares. Mr. Robbins is the Founder, Portfolio Manager and CEO of Glenview Capital Management, LLC, which serves as investment manager to each of the Glenview Investment Funds. Mr. Robbins shares voting and dispositive power over the shares held by the Glenview Investment Funds and may be deemed to beneficially own such shares.
F6 Longview Investors LLC ("Longview"), or its affiliates, is the record holder of these Shares. Mr. Robbins is the managing member of Longview. Mr. Robbins shares voting and dispositive power over the shares held by Longview and may be deemed to beneficially own such shares.
F7 Mr. Robbins disclaims beneficial ownership over any Shares owned by Longview and the Glenview Investment Funds other than to the extent of any pecuniary interest he may have therein.
F8 Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one Share upon vesting. The RSUs vest in equal annual installments over three years beginning on February 16, 2022, subject to Mr. Robbins' continued service through the applicable vesting date.

Remarks:

Exhibit List: The Power of Attorney filed as Exhibit B to the Schedule 13G filed by Glenview Capital Management LLC on April 22, 2021 is incorporated herein by reference.