Butterfly Network's CEO Still Holds $51.3 Million in Stock After a 260% Run
Devivo executed a non-discretionary sale to cover tax withholding on vesting RSUs, retaining 7.7 million shares worth $51.3 million.
Overview
Joseph Devivo, the president and CEO of Butterfly Network, Inc. (NYSE:BFLY), sold nearly 212,000 shares of Class A Common Stock on July 20, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($6.56); post-transaction value based on July 20, 2026 market close ($6.69).
Details
Butterfly Network is a digital health enterprise headquartered in Burlington, operating within the medical devices sector. The company has demonstrated significant market momentum, with its stock appreciating 260% over the past year, reflecting investor confidence in its innovative ultrasound technology platform. Despite current operating losses, Butterfly Network is positioned as a disruptive player in portable medical imaging, targeting the substantial global ultrasound market with accessible, smartphone-integrated diagnostic solutions.
Source
Originally published at www.fool.com.