Butterfly Network (BFLY) Form 4 Butterfly Network / Gioel Molinari ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Molinari Gioel

(Last) (First) (Middle)

C/O BUTTERFLY NETWORK, INC.

530 OLD WHITFIELD STREET

(Street)

GUILFORD CT 06437

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Butterfly Network, Inc. [ BFLY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP & CPO

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/24/2021		J(1)		17,912	A	$0	17,912	I	By Gioel M Molinari Cust for Luca S Molinari -UTMA CT(2)
Class A Common Stock	03/24/2021		J(1)		17,972	A	$0	17,972	I	By Gioel M Molinari Cust for Max Molinari UTMA CT(2)
Class A Common Stock	03/24/2021		J(1)		10,112	A	$0	10,112	I	By The Molinari Family Children's Trust u/a/d October 25, 2010(2)
Class A Common Stock								376,383	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Pro rata distribution for no consideration from Rothberg Family Fund I, LLC, of which Gioel M Molinari Cust for Luca S Molinari UTMA CT, Gioel M Molinari Cust for Max Molinari UTMA CT, and the Molinari Family Children's Trust u/a/d October 25, 2010 are each a non-managing member. As members of the Rothberg Family Fund I, LLC, Gioel M Molinari Cust for Luca S Molinari UTMA CT, Gioel M Molinari Cust for Max Molinari UTMA CT, and the Molinari Family Children's Trust u/a/d October 25, 2010 each received shares from the distribution and now hold their respective shares directly.

2. Mr. Molinari disclaims beneficial ownership of the securities held by Gioel M Molinari Cust for Luca S Molinari UTMA CT, Gioel M Molinari Cust for Max Molinari UTMA CT, and the Molinari Family Children's Trust u/a/d October 25, 2010 except to the extent of his pecuniary interest therein.

	/s/ Mary Miller, Attorney-in-Fact	03/26/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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