BFLY · Quarterly Report (Form 10-Q) · Filed October 31, 2025

Butterfly Network Inc — 10-Q exhibit

bfly-20250930xex103.htm

Butterfly Network Inc on Boardroom Alpha

Document

Exhibit 10.3

2/2/2024

Promotion: Nick Caezza

Dear Nick:

On behalf of Butterfly Network, we are pleased to notify you that effective 2/1/2024, you will be promoted to Deputy General Counsel. Your annual base salary will be $280,000 to be paid bi-weekly, less required deductions, and your new bonus target will be 30%. In addition, you will be granted an award of 92,800 Restricted Stock Units (RSUs) of Butterfly Network stock to be granted on 3/1/2024. Your RSUs will vest over a four-year period with 25% vesting on the one-year anniversary of your grant date, and 6.25% vesting each quarter thereafter.

We would like to thank you for your hard work and dedication to Butterfly, and wish you continued success in 2024!

Sincerely,

/s/ Maya McLean Palo

Maya McLean Palo

Senior Director, People

Exhibit 10.3

Butterfly Network, Inc.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer