Butterfly Network Founder Sells Over 660,000 Shares Amid Ongoing Ownership Stake
Jonathan M. Rothberg, founder and former executive of Butterfly Network (NYSE:BFLY), sold approximately 660,000 shares of Class B Common Stock on July 22, 2026, under a pre-established Rule 10b5-1 trading plan for estate planning purposes. The transaction valued at around $4.3 million was executed at an average price of $6.47 per share and converted to Class A shares upon sale. Despite the large volume sold, Rothberg still holds over 22 million shares indirectly through various entities such as trusts and LLCs like 4C Holdings I-V and NVR TR, JNR TR, GBR TR, EJR TR. His remaining stake is valued at approximately $147.1 million based on the July 22 closing price of $6.61 per share. Butterfly Network continues to operate in a competitive healthcare technology space with TTM revenue of $102.9 million and a market cap of $1.7 billion, despite reporting a net loss of $75.8 million over the same period.
Tickers: $BFLY
Topics: founder activity SEC filings stock sales