{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-094924","form_type":"8-K","ticker":"BFLY","cik":"0001804176","company_name":"Butterfly Network, Inc.","filed_at":"2021-07-22T23:59:59+00:00","discovered_at":"2026-05-14T18:04:19.744640+00:00","generated_at":"2026-06-30T03:23:45.836547+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Butterfly Network enters employment agreement with CEO Todd Fruchterman","bullets":["Dr. Todd Fruchterman appointed CEO effective Feb 1, 2021, with annual base salary of $750,000.","Receives $1M signing bonus and $1.583M net reimbursement bonus to repay prior employer obligation.","Equity grants: 1,557,450 options at $15.29 and 1,038,300 RSUs, plus $2.3M annual equity for 2021.","Severance: if terminated without cause or resigns for good reason, receives 1 year salary + target bonus + equity vesting.","Change-of-control severance: 2x salary plus bonus and full vesting of time-based equity awards."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-094924","json":"https://secwatch.observer/filing/0001104659-21-094924.json","markdown":"https://secwatch.observer/filing/0001104659-21-094924.md","text":"https://secwatch.observer/filing/0001104659-21-094924.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1804176/000110465921094924/0001104659-21-094924-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1804176/000110465921094924/tm2123057d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T03:23:45.836547+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e27c878ddc","claim":"Todd M. Fruchterman, M.D., Ph.D. was appointed as Chief Executive Officer at Butterfly Network, Inc..","evidence_excerpt":"On July 20, 2021, Butterfly Network, Inc. (the “Company”), entered into an employment agreement (the “Employment Agreement”) with Todd M. Fruchterman, M.D., Ph.D., effective February 1, 2021","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1804176/000110465921094924/0001104659-21-094924-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}