# Butterfly Network, Inc. (BFLY) — restructuring/exchange_offer [announced]
Source: sec.gov · situation sit_5490e3a379fdd1735a7f · public 7800658527872427456 · retrieved 2026-08-19T11:59:20.151Z

## Overview
Butterfly Network, Inc. manufactures and develops ultrasound imaging devices and related medical technology; the company was formerly known as Longview Acquisition Corp. prior to its February 2020 name change.

Dr. Jonathan M. Rothberg, founder and controlling shareholder of Butterfly Network, Inc. (BFLY), along with affiliated entities 4C Holdings I–IV and his spouse Dr. Bonnie Rothberg, adopted a Rule 10b5-1 trading plan effective August 14, 2026, for orderly disposition of company shares. The plan permits sales of up to 363,348 shares of Class A common stock and 8,049,929 shares of Class B common stock, with a plan end date of November 12, 2027. Sales commenced following a cooling-off period and are subject to minimum price and volume parameters; there is no assurance that any shares will actually be sold under the plan. On July 22, 2026, 659,913 shares of Class B common stock were sold at a weighted average price of $6.4698 per share, which automatically converted to Class A common stock on a one-to-one basis upon sale.

## Terms
- Price/share: $6.4698

## Key dates
- Announced 2026-08-17 · Expiry 2027-11-12 · Expected close 2027-11-12

## Timeline
- 2026-08-17 · SCHEDULE 13D/A (0001104659-26-097972): SCHEDULE 13D/A - Butterfly Network, Inc. — *Butterfly Network, Inc. manufactures and develops ultrasound imaging devices and related medical technology; the company was formerly known as Longview Acquisition Corp. prior to its February 2020 name change.* Dr. Jonathan M. Rothberg, founder and controlling shareholder of Butterfly Network, Inc. (BFLY), along with affiliated entities 4C Holdings I–IV and his spouse Dr. Bonnie Rothberg, adopted a Rule 10b5-1 trading plan effective August 14, 2026, for orderly disposition of company shares. The plan permits sales of up to 363,348 shares of Class A common stock and 8,049,929 shares of Class B common stock, with a plan end date of November 12, 2027. Sales commenced following a cooling-off period and are subject to minimum price and volume parameters; there is no assurance that any shares will actually be sold under the plan. On July 22, 2026, 659,913 shares of Class B common stock were sold at a weighted average price of $6.4698 per share, which automatically converted to Class A common stock on a one-to-one basis upon sale.
  https://www.sec.gov/Archives/edgar/data/1804176/0001104659-26-097972.txt

## Citations
- 0001104659-26-097972 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926097972