BFLY Butterfly Network, Inc.

BEARISH Impact: 5/10 Insider Cluster (3 insiders)
Horizon days Filed Feb 26, 2026 Processed 3mo ago
Insider cluster: 2 insiders, $1.1M total
Final — all horizons settled through T+60d
BFLY ▼ -4.07% at T+60d
SHORT call ✓ call won +4.07% · α vs SPY +11.82% · entry $4.67 → $4.48
Currently $5.54 · -18.63% from $4.67 entry (call sign-flipped)
Entry anchored
Feb 25, 03:59 PM ET
via Databento tick
T+1d
-18.84%
call +18.84% · α +18.39%
$3.79
settled 4mo ago
T+5d
-19.49%
call +19.49% · α +18.36%
$3.76
settled 3mo ago
T+20d
-11.13%
call +11.13% · α +4.73%
$4.15
settled 3mo ago
T+60d
-4.07%
call +4.07% · α +11.82%
$4.48
settled 23d ago

Price Chart

Loading chart...

Executive Summary

Three Butterfly Network insiders conducted open-market sales over the past week, including CFO Megan Carlson and Chief Business Officer Steve Cashman, realizing $1.24M in total proceeds. Two of the insiders also received non-cash stock awards totaling over 180,000 shares. The selling activity represents modest insider profit-taking, with Cashman's $1.09M sale being the largest single transaction.

Key Financial Metrics

Direction
selling
Total Value
$1.3M
Insiders
3

Actionable Insight

Monitor for further insider selling in coming weeks; large sale by Chief Business Officer may indicate lack of confidence ahead of earnings or upcoming dilution. Compare against next quarterly financial results for divergence.

Key Facts

  • CFO Megan Carlson sold $155,822 worth of shares in open-market transactions.
  • Chief Business Officer Steve Cashman sold $1,087,000 worth of shares at $4.348 per share.
  • Deputy General Counsel Nicholas Caezza sold $52,744 worth of shares.
  • Carlson and Caezza were granted a combined 187,242 shares in non-cash awards.
  • Total open-market sales in cluster: $1.3M across 3 insiders.

Financial Impact

$1.3 million in open-market insider sales over 7 days

insider sentimentshareholder confidence

Risk Factors

  • Sustained insider selling could signal weakening confidence in near-term prospects.
  • Potential for negative market perception given concentration of sales among senior executives.

Market Snapshot

Exchange
NYSE

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (5 trades, 7d window)cluster-BFLY-1772658727773
7 reports for BFLY
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for BFLY — sortable, filterable
Type Now
Jun 11, 2026
2d ago
Institutional Cluster
NEUTRAL ★ 3/10
$5.39 awaiting T+20awaiting T+20$5.54 (+2.88%)
Jun 9, 2026
3d ago
Insider Cluster
BEARISH ★ 5/10
$5.12 awaiting T+20awaiting T+20$5.54 (−8.20%)
May 8, 2026
5w ago
8-K
NEUTRAL ★ 2/10
$4.16 $4.57▲ +9.86%▲ +9.83%$5.54 (+33.17%)
Apr 27, 2026
6w ago
DEFA14A
NEUTRAL ★ 2/10
$5.16 $4.54▼ −12.02%▼ −17.48%$5.54 (+7.36%)
Mar 3, 2026
14w ago
Insider Cluster
BEARISH ★ 7/10
$3.68 $4.04▼ −9.78%▼ −14.19%$5.54 (−50.54%)
Feb 26, 2026
15w ago
Insider Cluster
BEARISH ★ 5/10
$4.67 $4.15▲ +11.13%▲ +4.73%$5.54 (−18.63%)
Feb 26, 2026
15w ago
8-K
BULLISH ★ 8/10
$4.67 $4.15▼ −11.13%▼ −4.73%$5.54 (+18.63%)
Showing 7 of 7

US Market Status

Market Closed — Opens Mon (48h 14m)

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access