Butterfly Network Reports Director Changes and Compensation Updates
Ticker: BFLY · Form: 8-K · Filed: Oct 9, 2025 · CIK: 1804176
| Field | Detail |
|---|---|
| Company | Butterfly Network, Inc. (BFLY) |
| Form Type | 8-K |
| Filed Date | Oct 9, 2025 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.0001, $11.50, $200,000, $530,000, $500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation, governance
TL;DR
Butterfly Network shakes up board, adjusts exec pay.
AI Summary
Butterfly Network, Inc. filed an 8-K on October 9, 2025, reporting on the departure of a director, election of a new director, and changes in officer compensation. The filing also includes a Regulation FD disclosure and financial statements/exhibits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can indicate internal shifts that may affect future performance.
Key Players & Entities
- Butterfly Network, Inc. (company) — Registrant
- October 5, 2025 (date) — Earliest event date
- October 9, 2025 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- Burlington, MA (location) — Principal executive offices
FAQ
Who departed from the board of directors?
The filing indicates the departure of a director, but the specific name is not provided in the provided text.
Was a new director elected?
Yes, the filing states the election of a director.
Are there any changes to officer compensation arrangements?
Yes, the filing mentions compensatory arrangements of certain officers.
What is the company's state of incorporation?
Butterfly Network, Inc. is incorporated in Delaware.
When was the earliest event reported in this 8-K?
The earliest event reported is dated October 5, 2025.
Filing Stats: 1,693 words · 7 min read · ~6 pages · Grade level 10.6 · Accepted 2025-10-09 16:28:32
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share BFLY The New York Stock Excha
- $11.50 — mon stock, each at an exercise price of $11.50 per share BFLY WS The New York Stock Ex
- $200,000 — 7, 2025, Ms. Carlson was also awarded a $200,000 cash retention bonus, which the Company
- $530,000 — is entitled to an annual base salary of $530,000. Mr. Doherty is also eligible for an an
- $500,000 — one-time sign-on bonus in the amount of $500,000, which is recoverable in full by the Co
- $250,000 — 2025 performance bonus in the amount of $250,000, payable in the first quarter of 2026 a
- $2,000,000 b — k") in an amount calculated by dividing $2,000,000 by the volume weighted average price of t
- $1,000,000 b — s") in an amount calculated by dividing $1,000,000 by the 10-Day VWAP, with the Performance
- $3.00 — the Common Stock equal to or exceeding $3.00 per share, (ii) one-third shall vest up
- $4.50 — the Common Stock equal to or exceeding $4.50 per share and (iii) one-third shall ves
- $6.00 — the Common Stock equal to or exceeding $6.00 per share. For each Performance RSU ves
- $10,000 — ' fees and costs incurred by him, up to $10,000, in connection with the drafting, revie
Filing Documents
- bfly-20251005.htm (8-K) — 36KB
- bfly-20251009xexx101.htm (EX-10.1) — 16KB
- bfly-20251009xexx991.htm (EX-99.1) — 11KB
- 0001804176-25-000004.txt ( ) — 226KB
- bfly-20251005.xsd (EX-101.SCH) — 2KB
- bfly-20251005_def.xml (EX-101.DEF) — 15KB
- bfly-20251005_lab.xml (EX-101.LAB) — 26KB
- bfly-20251005_pre.xml (EX-101.PRE) — 16KB
- bfly-20251005_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On October 9, 2025, the Company issued a press release announcing the appointment of Mr. Doherty as Executive Vice President, Chief Financial Officer of the Company, a copy of which is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 7.01, including Exhibit 99.1 attached hereto, is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Offer Letter by and between Butterfly Network, Inc. and John Doherty, dated October 6, 2025 99.1 Press Release dated October 9, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BUTTERFLY NETWORK, INC. By: /s/ Joseph M. DeVivo Name: Joseph M. DeVivo Title: Chief Executive Officer, President, and Chairman of the Board Date: October 9, 2025