Butterfly Network CEO DeVivo sells 211,798 shares to cover tax withholding
Butterfly Network insiders disclosed automatic sell-to-cover transactions to meet tax withholding obligations from vesting restricted stock units. CEO Joseph DeVivo sold 211,798 shares at a weighted average price of $6.56, raising about $1.39 million, and remains with 7,672,046 shares. The selling was conducted under the company’s sell-to-cover policy and was automatic, not at DeVivo’s personal trading discretion. Director Victor Ku sold 48,540 shares on July 20, 2026, at a weighted average price of $6.56, leaving him with 1,015,099 shares. The post-sale holdings for Ku are 1,015,099 shares, with the sale described as covering tax obligations from RSU vesting under Butterfly Network’s policy. Filings note that these transactions were automatic and provide a range of prices from $6.46 to $6.665 per share, illustrating the mechanics of sell-to-cover under RSU vesting.
