Bandwidth (BAND) Form 144: Director proposes sale of 20,000 shares

Rhea-AI Filing Summary

BAND — Form 144 notice reporting proposed sale of up to 20,000 shares. The filing lists 20,000 shares described as restricted stock vesting under a registered plan with an entry date of 03/01/2024. The excerpt also shows two past dispositions: 4,742 shares on 05/05/2026 and 10,258 shares on 05/04/2026, with dollar amounts shown. The broker listed is Morgan Stanley Smith Barney LLC at 1 New York Plaza.

Insights

Securities Compliance Analyst

Administrative resale filing for restricted shares.

The notice records a proposed resale of 20,000 shares described as restricted shares vesting under a registered plan, consistent with routine post-vesting sale compliance. The filing names Morgan Stanley Smith Barney LLC as broker-dealer.

Timing and exact sale method are not detailed in the excerpt; subsequent filings will show executed transactions and proceeds.

Equity Compensation Specialist

Shows vesting-related disposals, not new grants.

The entry "restricted stock vesting under a registered plan" indicates these shares arose from plan vesting rather than a market purchase. Two recent dispositions of 4,742 and 10,258 shares are listed with amounts, reflecting executed sales in early May 2026.

Impact on ownership or dilution is not provided in the excerpt.

Key Figures

Proposed resale: 20,000 shares Disposition on 05/05/2026: 4,742 shares Disposition on 05/04/2026: 10,258 shares +2 more

5 metrics

Proposed resale 20,000 shares restricted stock vesting under a registered plan (03/01/2024)

Disposition on 05/05/2026 4,742 shares sale reported with $215,222.31 proceeds

Disposition on 05/04/2026 10,258 shares sale reported with $461,857.22 proceeds

Broker-dealer Morgan Stanley Smith Barney LLC listed on the Form 144 cover data

Filer/issuer state N/A issuer entry appears in the filing excerpt

Key Terms

Form 144, restricted stock vesting under a registered plan, broker-dealer

3 terms

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

restricted stock vesting under a registered plan financial

"Common | 03/01/2024 | Restricted stock vesting under a registered plan"

broker-dealer financial

"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

FAQ

What does BAND's Form 144 show about the 20,000 shares?

It reports a proposed sale of 20,000 shares described as restricted stock vesting under a registered plan. The filing lists the shares and broker but does not state execution details or proceeds.

Who is the broker reported on the BAND Form 144?

The broker-dealer is listed as Morgan Stanley Smith Barney LLC at 1 New York Plaza. The filing names the broker but does not describe the specific sale method or timing.

What recent sales are listed in the BAND excerpt?

The excerpt discloses two recent dispositions: 4,742 shares on 05/05/2026 and 10,258 shares on 05/04/2026, with corresponding dollar figures shown in the table.

Does this Form 144 indicate new equity issuance for BAND?

No. The notice concerns resale of existing restricted stock that vested under a registered plan; it does not report new issuance or an offering by the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/13/2026 - 09:19 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002029692
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Bandwidth Inc.
SEC File Number	001-38285
Address of Issuer	2230 BANDMATE WAY RALEIGH NORTH CAROLINA 27607
Phone	800-808-5150
Name of Person for Whose Account the Securities are To Be Sold	Agarwal Devesh
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	20000	988800.00	30059279	05/13/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/01/2024	Restricted stock vesting under a registered plan	Issuer			20000	11/28/2024	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Devesh Agarwal c/o Bandwidth Inc. 2230 Bandmate Way Raleigh NC 27607	Common	05/05/2026	4742	215222.31
Devesh Agarwal c/o Bandwidth Inc. 2230 Bandmate Way Raleigh NC 27607	Common	05/04/2026	10258	461857.22

144: Remarks and Signature

Remarks	The shares covered by this filing are RSUs that vested between 03/01/2024 and 11/28/2024.
Date of Notice	05/13/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Lorna A. Knick, Attorney-in-Fact for Devesh Agarwal
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)