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Director Buys Big in Butterfly Network
22 Aug
Summary
- Director Louise Phanstiel acquired 115,200 Butterfly Network shares.
- The purchase was made indirectly through the Phanstiel Trust.
- Butterfly Network has a $2.4 billion market cap with recent revenue of $112.1 million.
On August 14, 2026, Louise S. Phanstiel, a director at Butterfly Network, Inc., acquired 115,200 shares in an indirect transaction. This substantial purchase was executed through the Phanstiel Trust, which now holds approximately 43% of her equity stake in the company. The weighted average purchase price was $8.68 per share, with individual trades ranging from $8.49 to $8.865.
Following this acquisition, Phanstiel's total beneficial ownership in Butterfly Network now stands at 691,413 shares, representing 0.26% of the company. She maintains a separate direct holding of roughly 391,000 shares. As of the market close on August 14, 2026, Butterfly Network, a medical device company, reported a market capitalization of $2.4 billion.
The company's financial performance over the trailing twelve months includes revenue of $112.1 million. However, it also recorded a net income loss of $74.8 million during the same period. This insider transaction underscores a notable increase in the trust-held portion of Phanstiel's investment.
