Butterfly Network, Inc. — Form SCHEDULE 13D/A
Filed August 17, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D/A
▼ Likely negative
significance 32/100
What the filing says
Jonathan Rothberg, acting individually and through four 4C Holdings entities plus Dr. Bonnie Rothberg, adopted a Rule 10b5-1 trading plan effective August 14, 2026 to sell 8,413,277 shares of Butterfly Network (BFLY) through Jefferies LLC. Sales commence between October 12, 2026 and November 12, 2026, and the plan terminates November 12, 2027. This represents a preplanned, legally compliant insider sale mechanism allowing orderly disposition of holdings without trading restriction concerns.
Why this rating
8.4M shares is ~2.2% of typical float; at $383.8M market cap, represents material insider liquidation signal. However, Rule 10b5-1 adoption is routine for insiders. Execution dates are 3-15 months forward, diluting immediate pressure. Negative sentiment from founder-level sales, but magnitude is manageable relative to company size.
See more from August 17, 2026.
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