Butterfly Network, Inc. — Director's Dealing 2023

Apr 26, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Butterfly Network, Inc. (BFLY)
CIK: 0001804176
Period of Report: 2023-04-24

Reporting Person: DEVIVO JOSEPH (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-24	Class A Common Stock	A	2400000	—	Acquired	2400000	Direct
2023-04-24	Class A Common Stock	A	1600000	—	Acquired	4000000	Direct

Footnotes

F1: Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of Class A Common Stock ("Common Stock") upon vesting. One-third of the RSUs underlying this grant vest on April 24, 2023, and the remainder shall vest on a pro rata annual basis over the next two years, subject to the Reporting Person's continued service through the applicable vesting date.

F2: Consists of performance-based RSUs. The RSUs underlying this grant shall vest as follows: (i) one-third shall vest upon the achievement of a price for the Common Stock equal to or exceeding $3.00 per share, (ii) one-third shall vest upon the achievement of a price for the Common Stock equal to or exceeding $4.50 per share and (iii) one-third shall vest upon the achievement of a price for the Common Stock equal to or exceeding $6.00 per share. In each case, the closing stock price for 20 consecutive trading days must equal or exceed the share price targets, provided such share price is achieved prior to April 24, 2028, subject to the Reporting Person's continued service through the applicable vesting date.