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EdgarHawk

DEVIVO JOSEPH

President & CEO

Director Officer
4 filings analyzed · 1 company · Latest 2026-03-06

Companies

Company Buys Sells Direction
Butterfly Network, Inc. BFLY 1 4 Net selling

Activity

March 2026
high
Sell
482,149 shares
$1,788,291
Significance 6/10

BFLY CEO DeVivo sells 482.1K shares at $3.71; stock now -26.3% from high, company unprofitable with $-34.0M net income

CEO Joseph DeVivo sold 482,149 shares at $3.71 on 2026-03-05, reducing his position from 8.51M to 8.03M shares (-5.7%). The sale occurs with BFLY trading 26.3% below its 52-week high of $4.95, while the company remains unprofitable with a $-34.0M net income against quarterly revenue of $21.5M. His prior trade at BFLY (2025-04-25 sale) generated a -14.7% 90-day return, consistent with a pattern of well-timed exits at this ticker (2 of 3 prior BFLY trades shown positive 90-day outcomes for their respective directions). The current sale combines a modestly sized equity reduction against a backdrop of deteriorating valuation and persistent losses, warranting assessment of whether this reflects operational headwinds or strategic position management.

medium
Sell
161,275 shares
$598,653
Significance 5/10

CEO DeVivo sold 161.3K BFLY shares at $3.71, retains 8.51M shares; stock +31.7% over 90 days but CEO's prior BFLY sells gained 90d return -14.7%

DeVivo sold 161,275 shares of Butterfly Network at $3.71 on 2026-03-03, reducing holdings by 1.9% to 8.51M shares. The sale occurs as BFLY trades 18.6% below its 52-week high of $4.95, though the stock has appreciated +31.7% over the past 90 days. His prior open-market BFLY sale on 2025-04-25 produced a 90-day return of -14.7%, indicating the prior sell was well-timed as the stock declined afterward; however, his recent buy on 2024-08-07 at BFLY returned +158.6% over 90 days, underscoring uneven timing across his ticker-specific history. The company remains unprofitable (net income $-34.0M in the latest quarter) despite revenue growth of +19.0% year-over-year, creating a backdrop of operational losses alongside recent price momentum. The timing and magnitude of this sale—removal of 1.9% of holdings—merit monitoring given the company's sustained unprofitability and the mixed pattern of his prior transactions at this ticker.

April 2025
high
Sell
320,215 shares
$780,684
Significance 6/10

CEO DeVivo sold 320,215 BFLY shares at $2.44; stock now -50.2% from 52-week high amid unprofitability.

Joseph DeVivo, President & CEO of Butterfly Network, sold 320,215 shares (4.2% of his pre-transaction holdings of 7,570,004 shares) at $2.44 on 2025-04-25, raising $780,684.17. The sale occurred when BFLY trades at $2.40, down -50.2% from its 52-week high of $4.82 and -31.6% over the prior 90 days. The company remains unprofitable with a net loss of $16,924,000 in its latest quarter and full-year negative net income, despite posting annual revenue growth of 24.5%. DeVivo's same-ticker trade history is mixed: his August 2024 purchase later appreciated 158.6% over 90 days, while his August 2023 purchase declined 45.0%; his 2 prior BFLY transactions showed a 50% 90-day win rate. The current sale at severely depressed valuations—when the stock is approaching its 52-week low—diverges from his August 2024 well-timed entry but mirrors the tactical pattern of the August 2023 purchase that preceded losses.

August 2024
medium
Buy
104,000 shares
$98,519
Significance 3/10

BFLY CEO DeVivo buys 104,000 shares at $0.95; stock down -62.4% from 52-week high, company posting -$15.7M net loss quarterly.

DEVIVO JOSEPH, President & CEO, purchased 104,000 shares of Butterfly Network at $0.95 on 2024-08-07, increasing his holdings from 6,905,221 to 7,009,221 shares. The purchase occurs against significant headwinds: BFLY is trading at $0.92, down -62.4% from its 52-week high of $2.45, and has declined -8.9% over the prior 30 days. Operationally, the company reported revenue of $21,487,000 in the latest quarter but posted a net loss of $-15,706,000, with annual revenue contraction of -10.2% year-over-year and no profitability in the most recent fiscal year. DeVivo's own open-market purchase history across all tickers shows a 0.00% win rate at the 90-day mark, with average returns of -34.8% at 30 days and -45.0% at 90 days; his one prior purchase of BFLY shares (2023-08-30) also saw a -34.8% 30-day return and -45.0% 90-day return, with 0 of 1 prior buys well-timed at the 90-day mark. The timing and magnitude of this buy warrant attention given the operational deterioration and the insider's track record of purchases that have not recovered within quarterly horizons.

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