Steve Cashman

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.

Chief Business Officer Steve Cashman sold 200,000 shares of BFLY at $5.22; stock now at 52-week high of $5.45 after 38.0% 30-day rise.

Cashman sold 200,000 shares (-8.4% of holdings) at $5.22 on 2026-04-16, reducing his stake to 2,177,386 shares. The sale occurs with BFLY at its 52-week high of $5.45, following a sharp 38.0% rally over 30 days and 31.0% rise over 90 days. At BFLY specifically, Cashman's two prior buys (2025-08-25) each returned +27.0% and +26.2% over 30 days, with both generating strong 90-day returns (62.6% and 61.6%), indicating well-timed entry decisions. However, his most recent BFLY trade—a sell on 2026-02-26—showed -9.8% over 30 days, suggesting potential weakness ahead from that prior vantage point. The company remains unprofitable with net income of $-34.0M against latest-quarter revenue of $21.5M, though annual revenue grew 19.0%, creating a tension between operational scale and profitability. The timing of this sale—after a strong rally and at or near the 52-week peak—warrants investor attention alongside the company's ongoing cash burn profile.

Butterfly Network CBO Cashman sells 250.0K shares at $4.35 under pre-arranged 10b5-1 plan; retains 1.93M shares.

Cashman Steve, Chief Business Officer of Butterfly Network (BFLY), sold 250,000 shares at $4.35 on 2026-02-26 under a 10b5-1 trading plan adopted on 2025-09-12. This is a scheduled, pre-arranged transaction rather than a discretionary sale. The sale reduced his holdings by 11.5% from 2,181,884 shares to 1,931,884 shares, though he retains substantial ownership at 1.93M shares post-transaction. As a planned trade executed under Rule 10b5-1, this transaction reflects a pre-determined execution schedule rather than current market timing decisions by the executive.

BFLY CBO Cashman bought 50,000 shares at $1.63–$1.64 on 2025-08-25; stock now $1.57, -67.4% from 52-week high.

Chief Business Officer Steve Cashman purchased 50,000 shares across 2 transactions totaling $81,952.91 at an average price of $1.64 per share. The purchase occurred while BFLY trades at $1.57, down 19.1% over the prior 30 days and 35.4% over 90 days, with the stock trading 67.4% below its 52-week high of $4.82. The company is unprofitable (full-year net income was negative) despite recent revenue growth of 24.5% year-over-year. Cashman's post-transaction holdings of 2,324,474 shares represent a 2.2% increase in his position. The combination of significant insider accumulation amid sharp recent price declines and an unprofitable but growing business warrants close monitoring of whether this reflects confidence in a turnaround or reflects other considerations.