A Form 4 filed with the SEC on August 12, 2026 discloses that Joseph DeVivo, President and CEO of Butterfly Network, Inc. (NYSE:BFLY), sold 68,346 shares of Class A Common Stock on August 10, 2026 pursuant to a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Shares sold: 68,346 shares of Class A Common Stock were disposed of on August 10, 2026.
  • Weighted average price: The reported weighted average sale price was $10.009 per share, with individual sales ranging from $10.00 to $10.05 per share.
  • Remaining ownership: Following the transaction, DeVivo directly beneficially owned 7,603,700 shares of Class A Common Stock.
  • 10b5-1 plan: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by DeVivo on December 12, 2025.
  • Reporting person role: DeVivo is identified in the filing as both a Director and the President and CEO of Butterfly Network, Inc.

DeVivo's Planned Share Sale Details and Post-Transaction Ownership at Butterfly Network

According to the filing, Joseph DeVivo, serving as President and CEO and as a Director of Butterfly Network, Inc., disposed of 68,346 shares of Class A Common Stock on August 10, 2026. The transaction was coded "S" in the filing, indicating a sale. The weighted average sales price was $10.009 per share, with individual transaction prices ranging from $10.00 to $10.05 per share. The filing notes that full information on the number of shares sold at each specific price is available upon request to the SEC staff, the issuer, or a security holder.

The filing states that the sale was carried out under a Rule 10b5-1 trading plan that DeVivo adopted on December 12, 2025. The form also indicates the filing was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). Following the reported transaction, DeVivo is reported to directly beneficially own 7,603,700 shares of Class A Common Stock. No derivative securities transactions were reported in the filing.

The Form 4 was signed by Nick Caezza as Attorney-in-Fact on August 12, 2026, the same date it was filed with the SEC. The earliest transaction date listed in the form is August 10, 2026.

What Was Disclosed

The filing reports a single sale of 68,346 shares of Butterfly Network Class A Common Stock by CEO Joseph DeVivo on August 10, 2026, at a weighted average price of $10.009 per share, executed under a 10b5-1 plan adopted December 12, 2025, leaving him with 7,603,700 shares directly owned.