Butterfly Network, Inc. — Form 8-K Summary
Reporting context: The 8-K reports a board appointment. The event occurred September 29, 2026; the filing was signed October 5, 2026. It does not report a financial period or quarterly results.
Board appointment and compensation
- The Board appointed Michael Noonen as a director, effective October 9, 2026, for a term ending at the next annual meeting of stockholders.
- The Board increased its size to seven directors and appointed Mr. Noonen to the Compensation Committee and Technology Committee. The company determined that he is independent under NYSE standards.
- Mr. Noonen will receive standard nonemployee director compensation, prorated as applicable. On the first business day after his effective date, he is due a restricted stock unit grant with an aggregate fair market value of $300,000, based on the stock’s closing price on the grant date. The RSUs vest in equal annual installments over three years, subject to continued service.
- He will also enter into the company’s standard nonemployee director indemnification agreement. The filing reports no appointment arrangements, disclosable related-party transactions, prior company positions, or family relationships with directors or executive officers.
Financial results and outlook
This filing provides no revenue, profit, cash flow, margin, debt, liquidity, guidance, or outlook figures. It does not describe a material change in financial performance.
Investor facts to verify
- Confirm the appointment became effective October 9, 2026, and review any subsequent changes to board or committee composition.
- Review the October 5 press release (Exhibit 99.1) and the proxy statement filed April 27, 2026, for further details on the appointment and director compensation policy.
- Check the grant date, share count, and subsequent equity-compensation disclosures for the $300,000 RSU award.