secwatch.observer — SEC 8-K summary
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Issuer:     Butterfly Network, Inc. (BFLY)
CIK:        0001804176
Form:       8-K/A
Filed at:   2022-03-28T23:59:59+00:00
Accession:  0001104659-22-038341
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804176/000110465922038341/0001104659-22-038341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804176/000110465922038341/tm2210335d5_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-038341

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer