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

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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