AG˹ٷ

STOCK TITAN

[Form 3] Butterfly Network, Inc. Initial Statement of Beneficial Ownership

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
3
Rhea-AI Filing Summary

Butterfly Network, Inc. (BFLY) � Form 3: Newly appointed Interim CFO Megan Carlson filed her initial statement of beneficial ownership dated 08/02/2025. Ms. Carlson reports beneficial ownership of 561,247 Class A shares, composed of 63,235 directly-held shares and 498,012 restricted stock units (RSUs). The RSUs convert 1-for-1 into Class A shares upon vesting on a staggered schedule between 2024-2028, with the largest block (300,000 units) vesting 25% on 07/01/2026 and the balance in 12 equal quarterly instalments thereafter, contingent on continued service.

She also holds a fully vested, in-the-money stock option for 20,000 shares at a strike price of $12.27, expiring 07/07/2031. The filing confirms Ms. Carlson’s status as an officer of the company and is filed individually (not jointly). No amendments or other transactions are disclosed.

While the document carries no financial performance data, Ms. Carlson’s sizable equity position aligns her incentives with shareholders and signals insider commitment at the start of her tenure.

Butterfly Network, Inc. (BFLY) � Modulo 3: La neo nominata CFO ad interim Megan Carlson ha presentato la sua dichiarazione iniziale di possesso beneficiario in data 02/08/2025. La Sig.ra Carlson detiene 561.247 azioni di Classe A, di cui 63.235 azioni detenute direttamente e 498.012 unità di azioni vincolate (RSU). Le RSU si convertono 1:1 in azioni di Classe A al momento del vesting, previsto su un calendario scaglionato tra il 2024 e il 2028, con il blocco più consistente (300.000 unità) che matura per il 25% il 01/07/2026 e il resto in 12 rate trimestrali uguali, subordinatamente al proseguimento del servizio.

Detiene inoltre un opzione su azioni completamente maturata e in-the-money per 20.000 azioni con un prezzo di esercizio di 12,27 dollari, che scade il 07/07/2031. La comunicazione conferma lo status della Sig.ra Carlson come dirigente della società ed è presentata a titolo individuale (non congiunto). Non sono state divulgate modifiche o altre transazioni.

Pur non contenendo dati sulle performance finanziarie, la significativa posizione azionaria della Sig.ra Carlson allinea i suoi interessi con quelli degli azionisti e rappresenta un segnale di impegno interno all’inizio del suo mandato.

Butterfly Network, Inc. (BFLY) � Formulario 3: La recién nombrada CFO interina Megan Carlson presentó su declaración inicial de propiedad beneficiaria con fecha 02/08/2025. La Sra. Carlson reporta la propiedad beneficiaria de 561,247 acciones Clase A, compuestas por 63,235 acciones en propiedad directa y 498,012 unidades restringidas de acciones (RSU). Las RSU se convierten 1 a 1 en acciones Clase A al consolidarse según un calendario escalonado entre 2024 y 2028, con el bloque más grande (300,000 unidades) consolidándose en un 25% el 01/07/2026 y el resto en 12 cuotas trimestrales iguales, condicionado a la continuidad del servicio.

También posee una opción sobre acciones totalmente consolidada y con valor intrínseco para 20,000 acciones a un precio de ejercicio de $12.27, que vence el 07/07/2031. La presentación confirma el estatus de la Sra. Carlson como directiva de la empresa y se presenta de forma individual (no conjunta). No se revelan enmiendas ni otras transacciones.

Aunque el documento no incluye datos de desempeño financiero, la considerable posición accionaria de la Sra. Carlson alinea sus incentivos con los accionistas y señala un compromiso interno al inicio de su gestión.

Butterfly Network, Inc. (BFLY) � Form 3: 새로 임명� 임시 CFO Megan Carlson� 2025� 8� 2일자 최초 소유� 신고서를 제출했습니다. Carlson 씨는 561,247� Class A 주식� 보유하고 있으�, � � 63,235주는 직접 보유 주식이고 498,012주는 제한 주식 단위(RSU)입니�. RSU� 2024년부� 2028년까지 단계적으� 베스팅되� 1대 1� Class A 주식으로 전환되며, 가� � 블록(300,000 단위)은 2026� 7� 1일에 25% 베스팅되� 나머지� 이후 12분기 동안 동일� 분할� 베스팅되� 계속 근무 조건� 붙어 있습니다.

또한 행사가� $12.27� 20,000주에 대� 완전 베스팅된 인더머니 스톡옵션� 보유하고 있으�, 만료일은 2031� 7� 7일입니다. 이번 신고� Carlson 씨가 회사� ѫ임을 확인하며 개인 명의� 제출되었습니�(공동 제출 아님). 수정이나 기타 거래� 공개되지 않았습니�.

재무 성과 데이터는 포함되어 있지 않지�, Carlson 씨의 상당� 지� 보유� 주주와� 이해관계를 일치시키� 임기 시작 � 내부자의 헌신� 나타냅니�.

Butterfly Network, Inc. (BFLY) � Formulaire 3 : La nouvelle directrice financière intérimaire Megan Carlson a déposé sa déclaration initiale de propriété bénéficiaire datée du 02/08/2025. Mme Carlson détient 561 247 actions de Classe A, composées de 63 235 actions détenues directement et de 498 012 unités d’actions restreintes (RSU). Les RSU se convertissent en actions de Classe A à raison de 1 pour 1 lors de leur acquisition selon un calendrier échelonné entre 2024 et 2028, le plus gros bloc (300 000 unités) étant acquis à 25 % le 01/07/2026, le solde étant réparti en 12 versements trimestriels égaux par la suite, sous réserve de la poursuite du service.

Elle détient également une option d’achat d’actions entièrement acquise et dans la monnaie pour 20 000 actions à un prix d’exercice de 12,27 $, expirant le 07/07/2031. Le dépôt confirme le statut de Mme Carlson en tant que dirigeante de la société et est effectué à titre individuel (non conjoint). Aucune modification ni autre transaction n’est divulguée.

Bien que le document ne contienne pas de données sur la performance financière, la position importante de Mme Carlson en actions aligne ses intérêts avec ceux des actionnaires et témoigne d’un engagement interne au début de son mandat.

Butterfly Network, Inc. (BFLY) � Formular 3: Die neu ernannte Interims-CFO Megan Carlson hat ihre erste Erklärung zum wirtschaftlichen Eigentum mit Datum 02.08.2025 eingereicht. Frau Carlson meldet ein wirtschaftliches Eigentum von 561.247 Class A Aktien, bestehend aus 63.235 direkt gehaltenen Aktien und 498.012 Restricted Stock Units (RSUs). Die RSUs werden 1:1 in Class A Aktien umgewandelt, sobald sie gemäß einem gestaffelten Zeitplan zwischen 2024 und 2028 vesten, wobei der größte Block (300.000 Einheiten) zu 25 % am 01.07.2026 vestet und der Rest danach in 12 gleichen vierteljährlichen Raten, abhängig von fortgesetzter Dienstzeit.

Sie hält zudem eine vollständig ausgeübte, im Geld befindliche Aktienoption über 20.000 Aktien mit einem Ausübungspreis von 12,27 USD, die am 07.07.2031 verfällt. Die Einreichung bestätigt Frau Carlsons Status als Offizier des Unternehmens und wurde einzeln (nicht gemeinsam) eingereicht. Es wurden keine Änderungen oder sonstige Transaktionen offengelegt.

Obwohl das Dokument keine finanziellen Leistungsdaten enthält, stimmt Frau Carlsons erhebliche Beteiligung ihre Anreize mit denen der Aktionäre ab und signalisiert ein Engagement von Insidern zu Beginn ihrer Amtszeit.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Interim CFO declares 561k-share stake and fully vested option; signals alignment but no direct financial impact.

The Form 3 simply discloses Megan Carlson’s initial equity position as she assumes the Interim CFO role. Her 498k RSUs vest over four years, encouraging retention, while a 20k share option adds further upside leverage. No purchases or sales occurred, so liquidity and share count remain unchanged. The disclosure is routine but useful to gauge management’s ownership alignment. Impact on valuation or near-term trading is minimal.

TL;DR: Filing formalizes officer status and reveals retention-focused RSU package; governance neutral.

The staggered RSU schedule—especially the 300,000-unit tranche beginning in 2026—creates a multi-year retention hook, common for newly elevated finance executives. Full vesting of the 20k option removes performance contingencies, hinting it is a legacy grant, not a fresh award. From a governance lens, the disclosure meets Section 16 requirements; no red flags such as complex indirect ownership or group filings are present.

Butterfly Network, Inc. (BFLY) � Modulo 3: La neo nominata CFO ad interim Megan Carlson ha presentato la sua dichiarazione iniziale di possesso beneficiario in data 02/08/2025. La Sig.ra Carlson detiene 561.247 azioni di Classe A, di cui 63.235 azioni detenute direttamente e 498.012 unità di azioni vincolate (RSU). Le RSU si convertono 1:1 in azioni di Classe A al momento del vesting, previsto su un calendario scaglionato tra il 2024 e il 2028, con il blocco più consistente (300.000 unità) che matura per il 25% il 01/07/2026 e il resto in 12 rate trimestrali uguali, subordinatamente al proseguimento del servizio.

Detiene inoltre un opzione su azioni completamente maturata e in-the-money per 20.000 azioni con un prezzo di esercizio di 12,27 dollari, che scade il 07/07/2031. La comunicazione conferma lo status della Sig.ra Carlson come dirigente della società ed è presentata a titolo individuale (non congiunto). Non sono state divulgate modifiche o altre transazioni.

Pur non contenendo dati sulle performance finanziarie, la significativa posizione azionaria della Sig.ra Carlson allinea i suoi interessi con quelli degli azionisti e rappresenta un segnale di impegno interno all’inizio del suo mandato.

Butterfly Network, Inc. (BFLY) � Formulario 3: La recién nombrada CFO interina Megan Carlson presentó su declaración inicial de propiedad beneficiaria con fecha 02/08/2025. La Sra. Carlson reporta la propiedad beneficiaria de 561,247 acciones Clase A, compuestas por 63,235 acciones en propiedad directa y 498,012 unidades restringidas de acciones (RSU). Las RSU se convierten 1 a 1 en acciones Clase A al consolidarse según un calendario escalonado entre 2024 y 2028, con el bloque más grande (300,000 unidades) consolidándose en un 25% el 01/07/2026 y el resto en 12 cuotas trimestrales iguales, condicionado a la continuidad del servicio.

También posee una opción sobre acciones totalmente consolidada y con valor intrínseco para 20,000 acciones a un precio de ejercicio de $12.27, que vence el 07/07/2031. La presentación confirma el estatus de la Sra. Carlson como directiva de la empresa y se presenta de forma individual (no conjunta). No se revelan enmiendas ni otras transacciones.

Aunque el documento no incluye datos de desempeño financiero, la considerable posición accionaria de la Sra. Carlson alinea sus incentivos con los accionistas y señala un compromiso interno al inicio de su gestión.

Butterfly Network, Inc. (BFLY) � Form 3: 새로 임명� 임시 CFO Megan Carlson� 2025� 8� 2일자 최초 소유� 신고서를 제출했습니다. Carlson 씨는 561,247� Class A 주식� 보유하고 있으�, � � 63,235주는 직접 보유 주식이고 498,012주는 제한 주식 단위(RSU)입니�. RSU� 2024년부� 2028년까지 단계적으� 베스팅되� 1대 1� Class A 주식으로 전환되며, 가� � 블록(300,000 단위)은 2026� 7� 1일에 25% 베스팅되� 나머지� 이후 12분기 동안 동일� 분할� 베스팅되� 계속 근무 조건� 붙어 있습니다.

또한 행사가� $12.27� 20,000주에 대� 완전 베스팅된 인더머니 스톡옵션� 보유하고 있으�, 만료일은 2031� 7� 7일입니다. 이번 신고� Carlson 씨가 회사� ѫ임을 확인하며 개인 명의� 제출되었습니�(공동 제출 아님). 수정이나 기타 거래� 공개되지 않았습니�.

재무 성과 데이터는 포함되어 있지 않지�, Carlson 씨의 상당� 지� 보유� 주주와� 이해관계를 일치시키� 임기 시작 � 내부자의 헌신� 나타냅니�.

Butterfly Network, Inc. (BFLY) � Formulaire 3 : La nouvelle directrice financière intérimaire Megan Carlson a déposé sa déclaration initiale de propriété bénéficiaire datée du 02/08/2025. Mme Carlson détient 561 247 actions de Classe A, composées de 63 235 actions détenues directement et de 498 012 unités d’actions restreintes (RSU). Les RSU se convertissent en actions de Classe A à raison de 1 pour 1 lors de leur acquisition selon un calendrier échelonné entre 2024 et 2028, le plus gros bloc (300 000 unités) étant acquis à 25 % le 01/07/2026, le solde étant réparti en 12 versements trimestriels égaux par la suite, sous réserve de la poursuite du service.

Elle détient également une option d’achat d’actions entièrement acquise et dans la monnaie pour 20 000 actions à un prix d’exercice de 12,27 $, expirant le 07/07/2031. Le dépôt confirme le statut de Mme Carlson en tant que dirigeante de la société et est effectué à titre individuel (non conjoint). Aucune modification ni autre transaction n’est divulguée.

Bien que le document ne contienne pas de données sur la performance financière, la position importante de Mme Carlson en actions aligne ses intérêts avec ceux des actionnaires et témoigne d’un engagement interne au début de son mandat.

Butterfly Network, Inc. (BFLY) � Formular 3: Die neu ernannte Interims-CFO Megan Carlson hat ihre erste Erklärung zum wirtschaftlichen Eigentum mit Datum 02.08.2025 eingereicht. Frau Carlson meldet ein wirtschaftliches Eigentum von 561.247 Class A Aktien, bestehend aus 63.235 direkt gehaltenen Aktien und 498.012 Restricted Stock Units (RSUs). Die RSUs werden 1:1 in Class A Aktien umgewandelt, sobald sie gemäß einem gestaffelten Zeitplan zwischen 2024 und 2028 vesten, wobei der größte Block (300.000 Einheiten) zu 25 % am 01.07.2026 vestet und der Rest danach in 12 gleichen vierteljährlichen Raten, abhängig von fortgesetzter Dienstzeit.

Sie hält zudem eine vollständig ausgeübte, im Geld befindliche Aktienoption über 20.000 Aktien mit einem Ausübungspreis von 12,27 USD, die am 07.07.2031 verfällt. Die Einreichung bestätigt Frau Carlsons Status als Offizier des Unternehmens und wurde einzeln (nicht gemeinsam) eingereicht. Es wurden keine Änderungen oder sonstige Transaktionen offengelegt.

Obwohl das Dokument keine finanziellen Leistungsdaten enthält, stimmt Frau Carlsons erhebliche Beteiligung ihre Anreize mit denen der Aktionäre ab und signalisiert ein Engagement von Insidern zu Beginn ihrer Amtszeit.

SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Carlson Megan

(Last) (First) (Middle)
C/O BUTTERFLY NETWORK, INC.
1600 DISTRICT AVENUE

(Street)
BURLINGTON MA 01803

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/02/2025
3. Issuer Name and Ticker or Trading Symbol
Butterfly Network, Inc. [ BFLY ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Interim CFO
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock 561,247(1) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) (2) 07/07/2031 Class A Common Stock 20,000 $12.27 D
Explanation of Responses:
1. Consists of 63,235 shares of Class A Common Stock and 498,012 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of Class A Common Stock upon vesting. The RSUs vest as follows: (i) 16,668 RSUs will vest on March 1, 2026; (ii) 57,333 RSUs will vest in two equal annual installments following March 1, 2025; (iii) 50,000 RSUs will vest in two equal annual installments following September 3, 2024; (iv) 74,011 RSUs will vest in three equal annual installments following March 3, 2025, and (v) 300,000 RSUs will vest as to 25% on July 1, 2026, with the remainder vesting in 12 equal quarterly installments thereafter, in each case subject to the Reporting Person's continued service on each such vesting date.
2. 100% of the shares subject to the option are fully vested and exercisable.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Nick Caezza, Attorney-in-Fact 08/06/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 3 for Butterfly Network (BFLY)?

The filing was made by Megan Carlson, the company’s Interim Chief Financial Officer.

How many Butterfly Network shares does the Interim CFO beneficially own?

She reports 561,247 Class A shares, including 63,235 common shares and 498,012 RSUs.

What is the vesting schedule for Megan Carlson’s RSUs?

16,668 vest 03/01/2026; 57,333 vest in two annual instalments after 03/01/2025; 50,000 in two annual instalments after 09/03/2024; 74,011 in three annual instalments after 03/03/2025; 300,000 vest 25% on 07/01/2026 and the rest in 12 quarterly instalments.

Does the Interim CFO hold any stock options?

Yes, she holds a fully vested option for 20,000 shares at a $12.27 strike price, expiring 07/07/2031.

Is this filing indicative of a share purchase or sale?

No. Form 3 reports initial ownership; it does not reflect any recent purchase or sale transactions.
Butterfly Network Inc

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Medical Devices
X-ray Apparatus & Tubes & Related Irradiation Apparatus
United States
BURLINGTON