Butterfly Network Founder Jonathan Rothberg Sells Nearly $21 Million in Shares. What Does This Mean for Investors?
Disposition of more than 3.1 million Class B shares, executed via a Rule 10b5-1 trading plan adopted for estate planning purposes in March 2026.
Overview
Jonathan M. Rothberg, the founder and an independent director at Butterfly Network, Inc. (NYSE:BFLY), sold ~3.1 million shares of Class B Common Stock at $6.64 per share, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($6.64); post-transaction value based on July 21, 2026 market close ($6.82).
Details
Butterfly Network is a digital health enterprise specializing in innovative ultrasound imaging technologies with a market capitalization of $1.8 billion and trailing twelve-month (TTM) revenue of $102.9 million. The company differentiates itself through its proprietary portable ultrasound platform that integrates with consumer devices, addressing the significant market opportunity for point-of-care diagnostics and reducing barriers to ultrasound accessibility globally.
Source
Originally published at www.fool.com.