This is a standard sell-to-cover transaction for tax purposes and not a bearish signal. Monitor for any additional discretionary insider sales, which could indicate a change in sentiment.
Price Chart
Executive Summary
Joseph Devivo, Officer and Director of Butterfly Network, Inc., filed a Form 144 to sell 204,725 shares of Class A common stock valued at approximately $1.61 million. The sale is for tax withholding obligations from vested restricted stock, not a discretionary open-market transaction, and is unlikely to reflect negative sentiment.
Key Facts
- Joseph Devivo (Officer/Director) intends to sell 204,725 shares
- Estimated market value ~$1.61 million
- Shares acquired on 07/02/2026 via restricted stock vesting
- Sale is to cover tax withholding obligations
- Filing date: 07/07/2026
Financial Impact
Routine tax-driven sale of ~$1.6M, less than 0.1% of market cap
Risk Factors
- Insider may increase open-market sales in the future
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-005146 |
| Document: 0001959173-26-005146-index.html | 0001959173-26-005146 |
| Document: 0001959173-26-005146.txt | 0001959173-26-005146 |
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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