Butterfly Network Director Buys $1 Million in Stock
On August 14, 2026, Louise S. Phanstiel, a director of Butterfly Network Inc., purchased 115,200 shares for approximately $8.68 per share through the Phanstiel Trust, an indirect holding entity. The transaction increased her total beneficial ownership to 691,413 shares, representing 0.26% of the company's stock. This move signals a significant increase in trust-held equity while maintaining direct holdings as well. Butterfly Network operates with a market capitalization of $2.4 billion and reported trailing twelve-month revenue of $112.1 million alongside a net loss of $74.8 million for the same period. The company specializes in portable ultrasound imaging technologies, targeting underserved markets globally through its innovative point-of-care devices. Phanstiel's purchase may be interpreted as confidence in Butterfly Network’s long-term growth potential despite current financial losses.
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