4//SEC Filing
Cashman Steve 4
Accession 0001104659-24-097362
CIK 0001804176other
Filed
Sep 4, 8:00 PM ET
Accepted
Sep 5, 4:02 PM ET
Size
7.5 KB
Accession
0001104659-24-097362
Insider Transaction Report
Form 4
Cashman Steve
Chief Business Officer
Transactions
- Award
Class A Common Stock
2024-09-03+1,000,000→ 1,000,000 total - Award
Class A Common Stock
2024-09-03+1,000,000→ 2,000,000 total
Footnotes (2)
- [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 September 3, 2025, 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 $2.00 per share, (ii) one-third shall vest upon the achievement of a price for the Common Stock equal to or exceeding $3.00 per share and (iii) one-third shall vest upon the achievement of a price for the Common Stock equal to or exceeding $4.00 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 September 3, 2029, subject to the Reporting Person's continued service through the applicable vesting date.
Documents
Issuer
Butterfly Network, Inc.
CIK 0001804176
Entity typeother
Related Parties
1- filerCIK 0002035576
Filing Metadata
- Form type
- 4
- Filed
- Sep 4, 8:00 PM ET
- Accepted
- Sep 5, 4:02 PM ET
- Size
- 7.5 KB