SoFi CEO enters prepaid forward contract on 1.5 million shares
Nicholas Caezza, Deputy General Counsel at Butterfly Network, Inc. (NASDAQ:NYSE:BFLY), sold 3,118 shares of Class A Common Stock on August 4, 2025, according to a recent SEC Form 4 filing. The shares were sold at a weighted average price of $1.45, resulting in a total transaction value of $4,521. Prices for the sales ranged from $1.42 to $1.4759. The transaction occurs as BFLY shares have declined 68% over the past six months, with the stock currently trading near its 52-week low of $0.90. InvestingPro analysis indicates the stock is currently undervalued, with 8 additional real-time insights available to subscribers.
Following the transaction, Caezza directly owns 234,445 shares of Butterfly Network, Inc.
The sale was executed under a "sell-to-cover" policy to satisfy tax withholding obligations related to the vesting of restricted stock units
In other recent news, Butterfly Network, Inc. announced its financial results for the second quarter of 2025, showcasing a record revenue of $23.4 million, which marks a 9% increase compared to the previous year. The company reported an earnings per share (EPS) loss of $0.03, outperforming the anticipated loss of $0.05. Additionally, Butterfly Network has revised its full-year revenue guidance, now projecting it to be between $91 million and $95 million. These developments highlight the company’s financial trajectory and adjustments for the year.
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