Butterfly Network CEO Todd Fruchterman compensation: $750K base, $1M signing bonus, equity awards

Butterfly Network, Inc.

Todd Fruchterman appointed CEO effective Feb 1, 2021; base salary $750,000.
Signing bonus $1,000,000 (two installments); reimbursement bonus $1,583,000 net for legal obligation.
Initial equity awards: 1,557,450 options at $15.29 and 1,038,300 RSUs vesting over 4 years.
2021 equity award grant value $2,300,000 (50% options, 50% RSUs) vesting over 3 years.
Severance: 1x base+target bonus if terminated without cause; 2x upon change in control.

item 5.02 item 9.01

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Appointed

Todd M. Fruchterman

Chief Executive Officer

BFLY · Butterfly Network, Inc.

Effective: 2021-02-01
Filed: March 28, 2022, 7:59 PM ET

pursuant to which the Predecessor Company employed Dr. Fruchterman as its Chief Executive Officer commencing February 1, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Todd M. Fruchterman was appointed as Chief Executive Officer at Butterfly Network, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

pursuant to which the Predecessor Company employed Dr. Fruchterman as its Chief Executive Officer commencing February 1, 2021.

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Source: SEC EDGAR

accession 0001104659-22-038341

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