Form 4 for BFLY Butterfly Network, Inc.

Accepted 2024-09-05 00:00:00 ET · period of report 2024-09-03 · accession 0001104659-24-097362 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2024-09-05	2024-09-03	BFLY	Cashman Steve	Chief Business Off	A - Grant	$0.00	+2.00M	2.00M	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2024-09-03	A	A	1,000,000	$0.00	1,000,000	D	—	—	(F1) Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of Class A Common Stock ("Common Stock") upon vesting. One-third of the RSUs underlying this grant vest on September 3, 2025, and the remainder shall vest on a pro rata annual basis over the next two years, subject to the Reporting Person's continued service through the applicable vesting date.
2	Common	Class A Common Stock	2024-09-03	A	A	1,000,000	$0.00	2,000,000	D	—	—	(F2) Consists of performance-based RSUs. The RSUs underlying this grant shall vest as follows: (i) one-third shall vest upon the achievement of a price for the Common Stock equal to or exceeding $2.00 per share, (ii) one-third shall vest upon the achievement of a price for the Common Stock equal to or exceeding $3.00 per share and (iii) one-third shall vest upon the achievement of a price for the Common Stock equal to or exceeding $4.00 per share. In each case, the closing stock price for 20 consecutive trading days must equal or exceed the share price targets, provided such share price is achieved prior to September 3, 2029, subject to the Reporting Person's continued service through the applicable vesting date.