Sec Form 4 Filing - Molinari Gioel @ Butterfly Network, Inc. - 2021-03-24

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Molinari Gioel
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
(Last) (First) (Middle)
C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET
3. Date of Earliest Transaction (MM/DD/YY)
03/24/2021
(Street)
GUILFORD, CT06437
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securiti es Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Molinari Gioel
C/O BUTTERFLY NETWORK, INC.
530 OLD WHITFIELD STREET
GUILFORD, CT06437
EVP & CPO
Signatures
/s/ Mary Miller, Attorney-in-Fact 03/26/2021
Signature of Reporting Person Date
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.

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).
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