The Form 144 from a director and control person, combined with the heavy recent insider selling pattern, suggests potential near-term selling pressure. Monitor for actual execution of the sale and any subsequent Form 4 filings. The stock's high valuation ($2.1B market cap) against the heavy insider distribution warrants caution.
Price Chart
Executive Summary
Larry Robbins, a director of Butterfly Network and the founder/CEO of Glenview Capital Management, filed a Form 144 notice to sell 1,876,292 shares of Class A Common Stock, with an approximate market value of $13.3 million based on the filing date. This represents a substantial proposed sale by a director and control person, adding to the heavy insider selling pattern of $27.1M over the past 30 days. The filing signals potential near-term selling pressure from a key insider, though the sale may not be executed.
Key Facts
- Director Larry Robbins filed a Form 144 to sell 1,876,292 shares of BFLY Class A Common Stock.
- The approximate market value of the proposed sale is $13.3 million based on the filing date.
- The shares are owned by Glenview Investment Funds, for which Robbins serves as investment advisor.
- This filing adds to 10 insider sells totaling $27.1M over the past 30 days.
- The proposed sale represents about 0.77% of the total shares outstanding (244,858,246).
Financial Impact
Proposed sale of 1,876,292 shares valued at approximately $13.3 million, representing ~0.77% of shares outstanding.
Risk Factors
- Insider selling may indicate lack of confidence in near-term prospects.
- The proposed sale, if executed, could add supply pressure on the stock.
- The filing is an intent to sell and may not be executed, reducing the certainty of the signal.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0000905148-26-003437 |
| Document: 0000905148-26-003437-index.html | 0000905148-26-003437 |
| Document: 0000905148-26-003437.txt | 0000905148-26-003437 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 3 | $7.25 $7.47 | ▲ +3.03% | ▲ +2.61% | $6.66 (−8.14%) |
Oct 6, 2026 20d ago | 144 | $8.70 $8.27 | ▼ −4.94% | ▼ −4.70% | $6.66 (−23.45%) |
Oct 5, 2026 21d ago | 8-K | $9.38 $8.70 | ▼ −7.25% | ▼ −7.80% | $6.66 (−29.00%) |
Sep 23, 2026 4w ago | 144 | $9.41 $9.39 | ▼ −0.21% | ▼ −0.76% | $6.66 (−29.22%) |
Sep 22, 2026 4w ago | 144 | $9.20 $9.41 | ▲ +2.28% | ▲ +2.36% | $6.66 (−27.61%) |
Sep 9, 2026 6w ago | Insider Cluster | $7.12 $7.33 | ▲ +2.95% | ▲ +2.10% | $6.66 (−6.46%) |
Aug 17, 2026 10w ago | Insider Cluster | $9.00 $9.17 | ▼ −1.89% | ▼ −1.68% | $6.66 (+26.00%) |
Aug 17, 2026 10w ago | Insider Cluster | $9.00 $9.17 | ▼ −1.89% | ▼ −1.68% | $6.66 (+26.00%) |
Aug 15, 2026 10w ago | Institutional Cluster | $9.02 $9.00 | ▼ −0.22% | ▲ +0.45% | $6.66 (−26.16%) |
Aug 12, 2026 10w ago | Insider Cluster | $8.86 $8.84 | ▼ −0.23% | ▼ −0.03% | $6.66 (−24.83%) |
US Market Status
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