Executive Waves Goodbye to Nearly 14,000 Shares, Valued at More Than $100,000
Butterfly Network's (BFLY) CAO, Megan Carlson, sold 13,804 shares for over $100,000 to cover tax withholding. She retains 412,000 shares. BFLY's stock rose 381% in the past year, with a $2.1B market cap and $112.1M TTM revenue, but has a -40% return since 2021.
How this was made
The 30-second read
Why it matters
The Form 4 filing provides the first public disclosure of this insider transaction, offering a data point for investors monitoring insider activity.
Market read
Routine insider sell‑to‑cover; limited short‑term price impact but useful for compliance and monitoring of insider behavior.
What to watch
The sale occurs after a substantial price appreciation, which could attract profit‑taking by other insiders or large shareholders.
Background
Butterfly Network (BFLY) is a digital‑health medical‑device company with a market cap of $2.1 B and recent revenue growth.
Ticker impact
CAO Megan Carlson sold 13,804 shares of Class A common stock at $7.30 per share on Sept 4, 2026 (SEC Form 4 filing).
Potential slight dip in BFLY price, likely limited to a few basis points.
The sale size (~$100k) is small relative to market cap ($2.1B) and follows a routine sell‑to‑cover policy, so impact is expected to be modest.
Market effects
Minimal effect on the medical‑device sector; insider sales are routine and not indicative of broader industry trends.
No discernible impact on regional markets.
Limited to investors tracking BFLY; no global market relevance.
Counterpoint
Given the strong 381% 12‑month return, the sale may be purely tax‑related and not a bearish signal.
Key entities
- ExecutiveMegan Carlson
Chief Accounting Officer and Senior Vice President, Finance of Butterfly Network.
- CompanyButterfly Network, Inc.
Developer of portable ultrasound imaging devices.
