The filing is a routine insider sale of vested restricted stock. Devivo has been consistently selling shares over the past three months, which is typical for post-vesting diversification. No material negative signal — monitor for any acceleration in selling volume or a Form 4 showing execution below current market price.
Price Chart
Executive Summary
Joseph Devivo, a director and officer of Butterfly Network, Inc., filed a Form 144 notice of intent to sell 35,790 shares of Class A common stock, with an estimated aggregate market value of approximately $358,615. The shares were acquired via restricted stock vesting on December 17, 2024, as compensation. The proposed sale is a routine insider disposition of vested equity, not a large-scale liquidation relative to the company's market cap.
Key Facts
- Joseph Devivo (Officer/Director) filed Form 144 to sell 35,790 Class A shares.
- Estimated aggregate market value of proposed sale: $358,614.85.
- Shares acquired on 12/17/2024 via restricted stock vesting (compensation).
- Sale intended to be executed through Fidelity Brokerage Services LLC on or after 10/06/2026.
- Devivo has sold 282,124 shares in open-market transactions over the prior three months (7/20, 8/10, 9/22, 9/23/2026), totaling ~$2.13M.
Financial Impact
Proposed sale of $358,615 represents a small fraction of the company's ~$245M market cap (~0.15%).
Risk Factors
- Insider selling pattern may continue if Devivo further diversifies, but current volume is not alarming.
- No specific risk to operations or fundamentals from this filing.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-007288 |
| Document: 0001959173-26-007288-index.html | 0001959173-26-007288 |
| Document: 0001959173-26-007288.txt | 0001959173-26-007288 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | 3 | $7.25 $7.47 | ▲ +3.03% | ▲ +2.61% | $7.38 (+1.79%) |
Oct 6, 2026 21d ago | 144 | $8.70 $8.27 | ▼ −4.94% | ▼ −4.70% | $7.38 (−15.17%) |
Oct 5, 2026 22d ago | 8-K | $9.38 $8.70 | ▼ −7.25% | ▼ −7.80% | $7.38 (−21.32%) |
Sep 23, 2026 4w ago | 144 | $9.41 $9.39 | ▼ −0.21% | ▼ −0.76% | $7.38 (−21.57%) |
Sep 22, 2026 5w ago | 144 | $9.20 $9.41 | ▲ +2.28% | ▲ +2.36% | $7.38 (−19.78%) |
Sep 9, 2026 6w ago | Insider Cluster | $7.12 $7.33 | ▲ +2.95% | ▲ +2.10% | $7.38 (+3.65%) |
Aug 17, 2026 10w ago | Insider Cluster | $9.00 $9.17 | ▼ −1.89% | ▼ −1.68% | $7.38 (+18.00%) |
Aug 17, 2026 10w ago | Insider Cluster | $9.00 $9.17 | ▼ −1.89% | ▼ −1.68% | $7.38 (+18.00%) |
Aug 15, 2026 10w ago | Institutional Cluster | $9.02 $9.00 | ▼ −0.22% | ▲ +0.45% | $7.38 (−18.18%) |
Aug 12, 2026 10w ago | Insider Cluster | $8.86 $8.84 | ▼ −0.23% | ▼ −0.03% | $7.38 (−16.70%) |
US Market Status
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