Traders should watch for downward pressure on BFLY shares, especially given the timing of sales immediately following equity grants. This pattern may suggest insiders are capitalizing on liquidity while signaling limited conviction in near-term upside. Monitor upcoming earnings or corporate updates for catalysts.
Price Chart
Executive Summary
Butterfly Network CEO Joseph DeVivo and multiple C-suite executives sold over $2.5M in shares over three days in early March 2026, while simultaneously receiving large non-cash stock awards. The open-market sales totaled $2.6M, with DeVivo accounting for $2.39M of that, signaling potential lack of confidence despite the equity grants.
Key Financial Metrics
Key Facts
- CEO Joseph DeVivo sold 643,424 shares for $2,386,943.44 in open-market transactions on March 3 and 5, 2026.
- Other C-suite executives (Cashman, Carlson, Caezza) sold an additional $366,475 in shares on March 3 and 2.
- Total open-market sales by insiders in 7 days: $2.75M.
- All sales occurred at prices between $3.709 and $3.712 per share.
- On March 2, all insiders received substantial stock awards (non-cash), totaling over 2.6M shares collectively, with no economic cost.
- Total insider open-market selling represents ~0.29% of BFLY's $957M market cap — significant and concentrated.
Financial Impact
$2.75M in net open-market selling by insiders, primarily from CEO and C-suite executives
Risk Factors
- Perception of insider lack of confidence despite receiving large grants
- Potential for further selling if other insiders follow suit
- Negative market reaction to appearance of cashing out post-grant
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (11 trades, 7d window) | cluster-BFLY-1772831162118 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 3 | $7.25 $7.47 | ▲ +3.03% | ▲ +2.61% | $7.16 (−1.31%) |
Oct 6, 2026 20d ago | 144 | $8.70 $8.27 | ▼ −4.94% | ▼ −4.70% | $7.16 (−17.76%) |
Oct 5, 2026 22d ago | 8-K | $9.38 $8.70 | ▼ −7.25% | ▼ −7.80% | $7.16 (−23.72%) |
Sep 23, 2026 4w ago | 144 | $9.41 $9.39 | ▼ −0.21% | ▼ −0.76% | $7.16 (−23.96%) |
Sep 22, 2026 4w ago | 144 | $9.20 $9.41 | ▲ +2.28% | ▲ +2.36% | $7.16 (−22.23%) |
Sep 9, 2026 6w ago | Insider Cluster | $7.12 $7.33 | ▲ +2.95% | ▲ +2.10% | $7.16 (+0.49%) |
Aug 17, 2026 10w ago | Insider Cluster | $9.00 $9.17 | ▼ −1.89% | ▼ −1.68% | $7.16 (+20.50%) |
Aug 17, 2026 10w ago | Insider Cluster | $9.00 $9.17 | ▼ −1.89% | ▼ −1.68% | $7.16 (+20.50%) |
Aug 15, 2026 10w ago | Institutional Cluster | $9.02 $9.00 | ▼ −0.22% | ▲ +0.45% | $7.16 (−20.68%) |
Aug 12, 2026 10w ago | Insider Cluster | $8.86 $8.84 | ▼ −0.23% | ▼ −0.03% | $7.16 (−19.24%) |
US Market Status
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