Butterfly Network CEO Sells Shares to Cover Tax Obligations Amid Strong Stock Performance
Joseph Devivo, the president and CEO of Butterfly Network (NYSE:BFLY), sold nearly 212,000 shares on July 20, 2026, primarily to cover tax obligations from vested restricted stock units. Despite this transaction, he still holds $51.3 million worth of company stock following a strong one-year return of 260%. The move is not indicative of a change in his investment thesis.
Tickers: $BFLY
Topics: CEO stock sale equity compensation SEC Form 4 filing