Butterfly Network director Larry Robbins sells $13.98m in shares By Investing.com

Larry Robbins, a director at Butterfly Network, Inc. (), recently sold a total of $13,981,723 worth of Class A Common Stock across two transactions in late July and early August 2026. The shares were sold at prices ranging from $7.3925 to $8.1048. The sale comes as the stock has delivered a remarkable 475% return over the past year, though InvestingPro analysis suggests the shares are currently trading above their Fair Value. According to InvestingPro Tips, the stock has shown high return over the last year and strong momentum over recent months, though investors should note that 7 additional ProTips are available on the platform to help assess the company’s full investment profile.

On July 31, 2026, Mr. Robbins disposed of 1,720,129 shares of Class A Common Stock. These shares were sold at a weighted average price of $7.3925 per share, with actual transaction prices ranging from $7.2282 to $7.82. These shares were transferred by Glenview Capital Master Fund, Ltd. to GCM Onshore Investors, L.P. and GCM Cayman Investors, Ltd. on July 1, 2026, and were subsequently sold by the latter entities.

A second transaction occurred on August 3, 2026, involving the sale of 156,163 shares of Class A Common Stock at a price of $8.1048 per share.

The shares involved in these sales were held indirectly through the Glenview investment Funds, which include GCM Onshore Investors, L.P. and GCM Cayman Investors, Ltd. Mr. Robbins is the Founder, Portfolio Manager, and Chief investment Officer of Glenview Capital Management, LLC, which serves as an investment advisor or manager to these funds. He shares voting and dispositive power over the shares held by the Glenview investment Funds.

Following these transactions, Mr. Robbins beneficially owns 12,458,763 shares indirectly through the Glenview investment Funds and 4,546,687 shares indirectly through Longview Investors LLC or its affiliates, where he is the managing member. He also directly holds 390,952 shares. Mr. Robbins disclaims beneficial ownership over any securities owned by Longview and the Glenview investment Funds other than to the extent of any pecuniary interest he may have therein.

In other recent news, Butterfly Network reported mixed financial results for the second quarter of 2026. The company announced an adjusted earnings per share of negative $0.01, which was better than the forecasted loss of $0.04. However, revenue fell short of expectations, coming in at $15.72 million compared to the anticipated $29.15 million. Despite the revenue miss, Butterfly Network’s management highlighted the quarter as a record one, emphasizing stronger margins and higher U.S. sales. The company also raised its full-year outlook, contributing to positive investor sentiment. Additionally, the earnings call underscored record revenue, gross profit, and margin expansion. These developments suggest a complex but optimistic financial landscape for Butterfly Network as it navigates the remainder of the year.

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