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Butterfly Network, Inc. — Director's Dealing 2021
Feb 17, 2021
32836_dirs_2021-02-16_34938113-7e61-4a1d-b4d4-889b06f02b0b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Butterfly Network, Inc. (BFLY)
CIK: 0001804176
Period of Report: 2021-02-12
Reporting Person: HAMMERGREN JOHN H (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-12 | Class A Common Stock | A | 120099 | — | Acquired | 120099 | Indirect |
| 2021-02-16 | Class A Common Stock | A | 13157 | $0.00 | Acquired | 13157 | Direct |
Footnotes
F1: In connection with the closing of the transactions contemplated by the Business Combination Agreement, dated as of November 19, 2020, by and among Longview Acquisition Corp. ("Longview"), Clay Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Longview ("Merger Sub"), and Butterfly Network, Inc., a Delaware corporation ("Butterfly"), pursuant to which Merger Sub merged with and into Butterfly, with Butterfly surviving as a wholly-owned subsidiary of Longview (which changed its name to "Butterfly Network, Inc.", the "Issuer"), these shares were received upon conversion of an aggregate principal amount of $1,184,441, plus accrued but unpaid interest, of Butterfly convertible notes, based on a conversion price of $10.00 per share.
F2: Mr. Hammergren is the President of The Stoneyfield Group LLC, the General Partner of Triumph Ventures LP. Mr. Hammergren disclaims beneficial ownership of the securities held by Triumph Ventures LP except to the extent of his pecuniary interest therein.
F3: Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of common stock upon vesting. The RSUs vest in equal annual installments over three years beginning on February 16, 2022, subject to Mr. Hammergren's continued service through the applicable vesting date.