Director S. Louise Phanstiel purchased 115,200 shares of Butterfly Network (BFLY) on August 14. She acquired the stock at a weighted average price of $8.68 per share. This transaction increased the total holdings of her associated trust to over 300,000 shares.
Director Larry Robbins sold approximately $20.6 million of BFLY stock between August 13 and August 17. He executed these sales through associated investment entities at prices ranging from $8.70 to $9.54.
These opposing transactions present a mixed outlook for the company. The activity contrasts a vote of confidence from Phanstiel with significant profit-taking by Robbins.