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Butterfly Network's Deputy General Counsel Caezza Nicholas Sells 1724 Shares at $1.52
ByAinvest
Friday, Sep 5, 2025 6:13 pm ET1min read
Butterfly Network, Inc. (BFLY) has announced that Deputy General Counsel Caezza Nicholas has sold 1724 shares at a price of $1.52 per share on September 3, 2025.
Title: Butterfly Network, Inc. (BFLY) Deputy General Counsel Sells SharesButterfly Network, Inc. (BFLY), a digital health company transforming care through portable, semiconductor-based ultrasound technology, has announced that Deputy General Counsel Caezza Nicholas sold 1724 shares of the company's Class A common stock on September 3, 2025. The transaction was executed at a price of $1.52 per share.
The sale, reported in a recent SEC Form 4 filing, was part of Nicholas's compliance with the company's "sell-to-cover" policy, intended to satisfy tax withholding obligations related to the vesting of restricted stock units [1]. The transaction reflects the company's ongoing efforts to manage insider trading activity and comply with regulatory requirements.
This sale comes amidst positive developments for Butterfly Network, including the publication of a study in the Journal of the American Medical Association (JAMA) that confirms the effectiveness of Butterfly-enabled lung point-of-care ultrasound (POCUS) programs in reducing hospital length of stay and costs [2]. The study, led by researchers at Rutgers Robert Wood Johnson Medical School, found that integrating POCUS into routine assessments for undifferentiated dyspnea resulted in significant cost savings and improved patient outcomes.
Additionally, the company has recently seen an increase in institutional investment, with AWM Investment Company Inc. purchasing a new position of 1,000,000 shares valued at approximately $2,280,000 during the first quarter of 2025 [3]. This investment underscores the growing interest and confidence in Butterfly Network's technology and business model.
References:
1. [1] https://www.stocktitan.net/sec-filings/BFLY/form-4-butterfly-network-inc-insider-trading-activity-2a4ce0400d33.html
2. [2] https://www.marketscreener.com/news/butterfly-network-rutgers-robert-wood-johnson-medical-school-study-published-in-jama-confirms-butt-ce7d59d9dd80fe23
3. [3] https://www.marketbeat.com/instant-alerts/filing-awm-investment-company-inc-makes-new-228-million-investment-in-butterfly-network-inc-bfly-2025-09-03/
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