Chief Business Officer Steve Cashman sells 399,461 shares of BFLY for $1,893,341.68 in two transactions at $4.96 and $4.66
Steve Cashman, Chief Business Officer at Butterfly Network, executed two separate sales totaling 399,461 shares for $1,893,341.68 (blended average $4.74) on June 5 and June 8, 2026, reducing his holdings by 19.7%. At his same ticker, Cashman's two prior sells (April 2026 and February 2026) showed 90-day declines of -8.5% and +7.6%, with a 50% well-timed rate on sells—marking a less reliable timing pattern compared to his buy activity at BFLY, which posted 90-day returns of +62.6% and +61.6% with 100% well-timed execution. The current stock price of $5.12 sits 10.5% below the 52-week high of $5.72, and the recent 30-day momentum (+23.1%) and 90-day momentum (+34.0%) have pushed valuation near its annual peak despite the company reporting negative net income of $-12,677,000.00 against quarterly revenue of $26,530,000.00. The magnitude of this sale (nearly one-fifth of his pre-transaction position) in a rally environment, combined with his weaker sell-timing record at this ticker versus his strong buy execution, warrants investor attention to whether the company's continued unprofitability or near-peak valuation context influenced this liquidation.