BAND Form 144 Filed for $129K Planned Insider Sale; Recent Vesting Disclosed

Rhea-AI Filing Summary

Bandwidth Inc. (BAND) Form 144 summary: This notice reports a proposed sale of 7,166 common shares, with an aggregate market value of $129,009.50, expected to be sold on or about 09/17/2025 on NASDAQ through Morgan Stanley Smith Barney LLC. The filing lists multiple recent acquisitions of common stock by the same person arising from restricted stock vesting on 03/21/2025, 05/28/2025, and 08/28/2025, totaling the units shown in the table. It also discloses a prior sale of 1,189 shares on 08/29/2025 for $17,936.18. The filer certifies no undisclosed material adverse information.

Positive

• Planned sale fully disclosed with broker, exchange, date, and aggregate value provided
• Acquisitions from restricted stock vesting are itemized with dates and unit counts, showing transparent origin of shares
• Prior sale disclosed (1,189 shares for $17,936.18 on 08/29/2025), supporting transaction history

Negative

• None.

Insights

Securities Compliance Analyst

TL;DR: Routine Rule 144 notice showing planned insider sale after recent restricted stock vesting; no regulatory flags shown.

The filing is a standard Form 144 notifying the market of an intended sale of 7,166 common shares valued at $129,009.50 to be executed via Morgan Stanley Smith Barney on NASDAQ around 09/17/2025. The document also records multiple acquisitions from restricted stock vesting in 2025 and a recent sale of 1,189 shares on 08/29/2025 for $17,936.18. The signer affirms they are not aware of undisclosed material adverse information. From a compliance perspective, the filing contains the required transaction dates, broker, amounts, and statement of representation; no omissions or unusual payment terms are presented.

Corporate Insider Transactions Analyst

TL;DR: Insiders are disposing of shares acquired via vesting; transaction sizes are modest relative to typical market-moving thresholds.

The schedule shows restricted stock vesting on three separate dates in 2025 with specific unit counts (1,298; 963; 1,952; 976; 1,977) that comprise part of the 7,166 shares proposed for sale. A recent executed sale of 1,189 shares for $17,936.18 is disclosed. These amounts suggest routine employee share vesting and subsequent liquidity events rather than a material disposition likely to affect Bandwidth's valuation. The filing adheres to disclosure requirements and identifies the executing broker and anticipated exchange.

FAQ

What does the Bandwidth (BAND) Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 7,166 common shares valued at $129,009.50, expected on or about 09/17/2025 on NASDAQ through Morgan Stanley Smith Barney LLC.

Who executed recent sales reported in the Form 144 for BAND?

The filing shows a prior sale by Devin M. Krupka of 1,189 shares on 08/29/2025 for $17,936.18.

How were the shares being sold acquired according to the filing?

The shares were acquired via restricted stock vesting under a registered plan on 03/21/2025, 05/28/2025, and 08/28/2025 with the unit amounts listed in the table.

On which exchange will the BAND shares be sold?

The Form 144 specifies the sale is expected to occur on NASDAQ.

What broker is listed for the proposed BAND sale?

The executing broker is listed as Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.

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

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Accepted by SEC EDGAR 09/17/2025 - 05:17 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	0001967808
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	Krupka Devin M
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	7166	129009.50	28183017	09/17/2025	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	03/21/2025	Restricted stock vesting under a registered plan	Issuer			1298	03/21/2025	N/A
Common	05/28/2025	Restricted stock vesting under a registered plan	Issuer			963	05/28/2025	N/A
Common	05/28/2025	Restricted stock vesting under a registered plan	Issuer			1952	05/28/2025	N/A
Common	08/28/2025	Restricted stock vesting under a registered plan	Issuer			976	08/28/2025	N/A
Common	08/28/2025	Restricted stock vesting under a registered plan	Issuer			1977	08/28/2025	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
Devin M. Krupka c/o Bandwidth Inc. 2230 Bandmate Way Raleigh NC 27607	Common	08/29/2025	1189	17936.18

144: Remarks and Signature

Remarks	The shares covered hereby are shares sold pursuant to the Rule 10b5-1 plan adopted by the Reporting Person on March 12, 2025.
Date of Notice	09/17/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	03/12/2025
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/ Halle Vakani, Attorney-in-Fact for Devin M Krupka
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)