The insider sales are small relative to market cap and likely routine. Monitor for any upcoming earnings or material announcements that could explain the timing, but no immediate trading action is warranted.
Price Chart
Executive Summary
Two Butterfly Network insiders (Chief Business Officer and CAO/SVP Finance) sold a combined ~$1.12M in open-market sales on September 4, 2026, at $7.30/share. The sales represent ~0.06% of the $2.0B market cap, falling below the 0.1% materiality threshold, and are likely routine liquidity-driven sales rather than a bearish signal.
Key Financial Metrics
Key Facts
- Chief Business Officer Steve Cashman sold 140,112 shares at $7.302 for ~$1.02M on 2026-09-04
- CAO/SVP Finance Megan Carlson sold 13,804 shares at $7.302 for ~$101K on 2026-09-04
- Total open-market sales of ~$1.12M represent ~0.06% of BFLY's $2.0B market cap
- Both sales occurred on the same day at the same price, suggesting a coordinated or 10b5-1 plan
- No open-market purchases were made by any insider in this cluster
Financial Impact
Total insider sales of ~$1.12M, representing 0.06% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if the stock continues to rise
- No insider buying to offset the selling pattern
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BFLY-1789030895875 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers