Butterfly Network CFO John N. Doherty sold 57,136 shares for approximately $375,000 on July 20, 2026, according to an SEC filing. The transaction was a non-discretionary sell-to-cover event mandated by company policy to satisfy tax obligations from vesting restricted stock units, reducing his direct holdings by 4% to 1,397,276 shares. The sale occurred after a year in which Butterfly Network shares returned 260%, with the company reaffirming full-year revenue guidance of $117 million to $121 million and an expected adjusted EBITDA loss of $21 million to $25 million. First-quarter revenue rose 25% to $26.5 million, gross margin widened to 69%, and the adjusted EBITDA loss narrowed to $6.1 million.
Butterfly Network IncCompany reaffirmed revenue guidance and reported strong Q1 results with revenue up 25% and gross margin widening to 69%, indicating solid financial performance.