secwatch.observer — SEC 8-K summary
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Issuer:     Butterfly Network, Inc. (BFLY)
CIK:        0001804176
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001558370-23-006473
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Joseph DeVivo appointed President, CEO, and Chairman of Butterfly Network, effective April 24, 2023
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- DeVivo replaces Jonathan Rothberg as CEO; Rothberg remains on board.
- Compensation: $875k base salary, 125% target bonus, $500k sign-on bonus (recoverable within 12 months).
- Equity grants: 2.4M time-based RSUs (vesting over 3 yrs), 1.6M performance RSUs tied to stock price targets of $3, $4.50, $6.
- DeVivo previously President at Teladoc Health, CEO of InTouch Health (sold to Teladoc for $1.1B), and Executive Chairman of Caption Health (sold to GE Healthcare).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804176/000155837023006473/0001558370-23-006473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804176/000155837023006473/bfly-20230424x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006473

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