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.

Chief Business Officer Steve Cashman sold 250,000 shares of BFLY at $4.35, reducing holdings 11.5%; stock now down -22.2% from 52-week high

Steve Cashman, Chief Business Officer of Butterfly Network, sold 250,000 shares (250.0K shares) at $4.35 on 2026-02-26, reducing his holdings from 2.18M to 1.93M shares. The sale occurred at a price now $0.50 above the current market price of $3.85, and the stock has declined -22.2% from its 52-week high of $4.95. His two prior purchases at this ticker (both on 2025-08-25) captured gains of +27.0% and +26.2% over 30 days, establishing a pattern of well-timed entry points. The company remains unprofitable with a net loss of $-34.0M against quarterly revenue of $21.5M, though revenue has grown +19.0% year-over-year. The sale represents a discretionary reduction by a senior executive at a point where the stock has already retreated significantly from recent highs, occurring after this insider successfully identified earlier accumulation opportunities.

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.