# Butterfly Network, Inc. (BFLY) — restructuring/exchange_offer [announced]
Source: sec.gov · situation sit_85b18b3f80d9581c5945 · public 3163760417026955261 · retrieved 2026-08-19T13:14:13.433Z

## Overview
Butterfly Network, Inc. develops portable ultrasound imaging devices using semiconductor technology; the company is classified in the X-ray apparatus and related irradiation apparatus industry.

Dr. Jonathan M. Rothberg, founder and controlling shareholder of Butterfly Network, Inc. (BFLY), adopted a Rule 10b5-1 trading plan on August 14, 2026, in connection with estate planning. 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 during the sales period ending November 12, 2027. Sales are subject to minimum price and volume parameters, and there is no assurance that any shares will be sold under the plan. On July 22, 2026, prior to the plan's adoption, 659,913 shares of Class B common stock were sold at a weighted average price of $6.4698 per share, with automatic conversion to Class A common stock on a one-to-one basis upon sale.

## Terms
- Counterparty: Jefferies LLC · Price/share: $6.4698

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

## Timeline
- 2026-08-17 · SCHEDULE 13D/A (0001104659-26-097972): SCHEDULE 13D/A - Butterfly Network, Inc. — *Butterfly Network, Inc. develops portable ultrasound imaging devices using semiconductor technology; the company is classified in the X-ray apparatus and related irradiation apparatus industry.* Dr. Jonathan M. Rothberg, founder and controlling shareholder of Butterfly Network, Inc. (BFLY), adopted a Rule 10b5-1 trading plan on August 14, 2026, in connection with estate planning. 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 during the sales period ending November 12, 2027. Sales are subject to minimum price and volume parameters, and there is no assurance that any shares will be sold under the plan. On July 22, 2026, prior to the plan's adoption, 659,913 shares of Class B common stock were sold at a weighted average price of $6.4698 per share, with automatic conversion 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