Summary by Futu AI
On 12/20/2024, Steve Cashman, Chief Business Officer of Butterfly Network, executed a significant stock transaction. Cashman sold 164,079 shares of Class A Common Stock in an open market or private sale at a price of $3.064 per share.The total value of the disposed shares amounted to $502,738.06. Following this transaction, Cashman's direct ownership in Butterfly Network decreased to 1,835,921 shares. This sale represents a notable reduction in the executive's stake in the company.The transaction was reported as completed, indicating that all regulatory requirements for the stock sale have been met. This insider selling activity may be of interest to investors monitoring executive confidence and ownership levels in Butterfly Network.