ROBBINS LARRY sold $20.6M of BFLY (indirect holdings)
ROBBINS LARRY sold 2,297,733 indirectly-held shares of Butterfly Network, Inc. (BFLY) at an average of $8.98 ($8.70–$9.54, $20.62M total) across 5 trades over 2026-08-13 to 2026-08-17.
How this was made
The 30-second read
Why it matters
Traders may reassess near-term sentiment around BFLY due to the transaction size ($20.62M) and the absence of a stated 10b5-1 plan, but there is no accompanying fundamental update in the text.
Market read
The only new information is the insider sale details (shares, price range, total value, and post-transaction holdings).
What to watch
The filing does not specify the reason for the sale, and it states no pre-arranged 10b5-1 plan, which can increase headline sensitivity without proving information content.
Background
This is an SEC Form 4 insider transaction for Butterfly Network, Inc. (BFLY) by director Larry Robbins, reported as an indirect holding sale.
Ticker impact
Butterfly Network director Larry Robbins sold $20.62M of BFLY shares via an open-market sale across five trades at $8.6973 to $9.5418.
Near-term sentiment could soften, but follow-through is likely limited absent additional company-specific catalysts.
Form 4 confirms transaction size and pricing range, yet the article provides no new operational, financial, or regulatory development for BFLY.
Market effects
No direct sector read-through beyond routine insider activity in medical imaging/diagnostics.
None indicated.
None indicated.
Counterpoint
A large indirect sale can reflect diversification or liquidity needs rather than negative expectations, especially when multiple trades are spread across days.
Key entities
- issuerButterfly Network, Inc.
Subject of the Form 4 insider sale disclosure.
- insiderLarry Robbins
Director who sold 2,297,733 shares indirectly in open-market transactions.
