Chief Business Officer Sells $1.89M in Open Market Shares
BFLY has more than doubled off its 52-week low of $1.32.
Summary
Butterfly Network's Chief Business Officer, Steve Cashman, sold $1.89 million in company stock, contributing to a recent trend of insider selling.
Key Events · Ownership and Investor Activity · BFLY
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Officer Sells Shares
Chief Business Officer Steve Cashman disposed of 399,461 shares for a total value of $1,893,342 through open market sales between June 5 and June 8, 2026.
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Adds to Insider Selling Trend
This transaction follows recent Form 144 filings by officers and contributes to a net insider selling trend of over $2.29 million in the last 90 days, indicating ongoing distribution by company executives.
Analysis · BFLY · Industrial Applications And Services
Steve Cashman, the Chief Business Officer, sold nearly $1.9 million worth of company stock in open market transactions. This sale, following recent Form 144 filings indicating intent to sell, adds to a pattern of insider distribution and could be interpreted negatively by investors.
At the time of this filing, BFLY was trading at $5.07 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $1.32 to $5.72. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.