Megan Carlson, the Chief Accounting Officer (CAO) of Butterfly Network, Inc., recently sold 10,114 shares of the company's Class A Common Stock. This transaction, reported on October 6, 2026, is significant as it underscores the company's approach to managing stock and tax obligations.

The sale occurred on October 2, 2026, at a weighted average price of $8.745 per share, with individual sales ranging from $8.69 to $8.82. According to the filing, the shares were sold to satisfy tax withholding obligations related to the vesting of restricted stock units. The filing noted, "The sales reported on this Form 4 represent the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. Such sales were automatic and not at the discretion of the Reporting Person." This indicates that the transaction was part of a pre-established plan for managing stock sales.

Background

Butterfly Network, Inc. is a company primarily involved in the development and distribution of innovative medical imaging technologies, particularly focused on X-ray apparatus and related devices. The company is incorporated in Delaware and has its business operations based in Burlington, Massachusetts. It operates under the SIC code 3844, which pertains to X-ray apparatus and tubes and related irradiation apparatus.

Recent filings indicate that Carlson has been active in managing her stock holdings, with multiple transactions reported over the past few months. These include other sales under Rule 144, which allows for the sale of restricted and control securities.

What the Filing Says

The SEC filing, accession number 0002064832-26-000327, details the sale of shares by Carlson, who holds the title of CAO and Senior Vice President of Finance at Butterfly Network. Following this transaction, Carlson retains ownership of 401,971 shares of the company.

Impact

This transaction may have implications for Butterfly Network's stakeholders, including investors and employees. The automatic nature of the sale suggests a structured approach to tax management, which may reassure investors about the company's governance practices. Competitors in the X-ray apparatus industry may also take note of these practices as they navigate their own stock management strategies.

What's Next

The filing does not say what happens next.