---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-038341"
form_type: "8-K/A"
ticker: "BFLY"
cik: "0001804176"
company_name: "Butterfly Network, Inc."
filed_at: "2022-03-28T23:59:59+00:00"
generated_at: "2026-06-26T16:24:46.105068+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-038341
- form_type: 8-K/A
- ticker: BFLY
- cik: 0001804176
- company_name: Butterfly Network, Inc.
- filed_at: 2022-03-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804176/000110465922038341/0001104659-22-038341-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804176/000110465922038341/tm2210335d5_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-038341
- JSON: https://secwatch.observer/filing/0001104659-22-038341.json
- Plain text: https://secwatch.observer/filing/0001104659-22-038341.txt

## Key facts
- Executive change
  Todd M. Fruchterman was appointed as Chief Executive Officer at Butterfly Network, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: pursuant to which the Predecessor Company employed Dr. Fruchterman as its Chief Executive Officer commencing February 1, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804176/000110465922038341/0001104659-22-038341-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.