Monitor for further insider selling in coming weeks; large sale by Chief Business Officer may indicate lack of confidence ahead of earnings or upcoming dilution. Compare against next quarterly financial results for divergence.
Price Chart
Executive Summary
Three Butterfly Network insiders conducted open-market sales over the past week, including CFO Megan Carlson and Chief Business Officer Steve Cashman, realizing $1.24M in total proceeds. Two of the insiders also received non-cash stock awards totaling over 180,000 shares. The selling activity represents modest insider profit-taking, with Cashman's $1.09M sale being the largest single transaction.
Key Financial Metrics
Key Facts
- CFO Megan Carlson sold $155,822 worth of shares in open-market transactions.
- Chief Business Officer Steve Cashman sold $1,087,000 worth of shares at $4.348 per share.
- Deputy General Counsel Nicholas Caezza sold $52,744 worth of shares.
- Carlson and Caezza were granted a combined 187,242 shares in non-cash awards.
- Total open-market sales in cluster: $1.3M across 3 insiders.
Financial Impact
$1.3 million in open-market insider sales over 7 days
Risk Factors
- Sustained insider selling could signal weakening confidence in near-term prospects.
- Potential for negative market perception given concentration of sales among senior executives.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (5 trades, 7d window) | cluster-BFLY-1772658727773 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 3 | $7.25 $7.47 | ▲ +3.03% | ▲ +2.61% | $7.13 (−1.72%) |
Oct 6, 2026 20d ago | 144 | $8.70 $8.27 | ▼ −4.94% | ▼ −4.70% | $7.13 (−18.10%) |
Oct 5, 2026 22d ago | 8-K | $9.38 $8.70 | ▼ −7.25% | ▼ −7.80% | $7.13 (−24.04%) |
Sep 23, 2026 4w ago | 144 | $9.41 $9.39 | ▼ −0.21% | ▼ −0.76% | $7.13 (−24.28%) |
Sep 22, 2026 4w ago | 144 | $9.20 $9.41 | ▲ +2.28% | ▲ +2.36% | $7.13 (−22.55%) |
Sep 9, 2026 6w ago | Insider Cluster | $7.12 $7.33 | ▲ +2.95% | ▲ +2.10% | $7.13 (+0.07%) |
Aug 17, 2026 10w ago | Insider Cluster | $9.00 $9.17 | ▼ −1.89% | ▼ −1.68% | $7.13 (+20.83%) |
Aug 17, 2026 10w ago | Insider Cluster | $9.00 $9.17 | ▼ −1.89% | ▼ −1.68% | $7.13 (+20.83%) |
Aug 15, 2026 10w ago | Institutional Cluster | $9.02 $9.00 | ▼ −0.22% | ▲ +0.45% | $7.13 (−21.01%) |
Aug 12, 2026 10w ago | Insider Cluster | $8.86 $8.84 | ▼ −0.23% | ▼ −0.03% | $7.13 (−19.58%) |
US Market Status
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