Key Insider Transactions at Butterfly Network (NYSE: BFLY)

• Butterfly Network's Strong Market Position: The medical technology company, a leader in portable ultrasound devices, boasts a market capitalization of approximately $1.78 billion and has seen a remarkable 260% stock return over the past year.
• Significant Insider Sales: Key insiders, including a director and executives, recently sold substantial amounts of Butterfly Network stock, totaling over $6.80 million in value.
• Context of Sales: Many of these transactions were "sell-to-cover" sales, primarily for tax obligations, and executives still retain significant equity holdings, indicating continued confidence in the company's long-term prospects.

Butterfly Network, Inc. (NYSE: BFLY) is a medical technology company that focuses on creating portable ultrasound imaging devices. The company aims to make medical imaging more accessible and affordable. Butterfly Network currently has a market capitalization of approximately $1.78 billion, and its stock has seen a significant 260% return over the last twelve months, reflecting strong stock performance.

On July 21, 2026, a notable insider transaction occurred. ROTHBERG JONATHAN M, a director and a 10 percent owner of Butterfly Network, sold 753,320 shares. The shares were sold at a price of $6.74 each, resulting in a total transaction value of about $5.07 million. He now holds 496,680 shares.

This sale follows other recent insider activities. On July 20, 2026, CEO Joseph Devivo sold nearly 212,000 shares for approximately $1.40 million. This was an automatic "sell-to-cover" transaction. This type of sale is used to pay for taxes that are due when an employee receives company stock as part of their executive compensation.

Similarly, CFO John N. Doherty also conducted a "sell-to-cover" transaction on the same day. He sold 57,136 shares, valued at around $375,000.00, to meet tax obligations from vested restricted stock units. These sales are required by company policy and do not necessarily reflect the executives' personal investment decisions.

Despite these sales, the executives maintain large positions in the company. Mr. Devivo still holds 7,672,046 shares valued at $51.33 million, while Mr. Doherty retains over 1.3 million shares. These transactions occurred after Butterfly Network's stock price increased significantly, trading between $1.32 and $9.69 over the past year, offering valuable investor insights into the company's valuation.