Bandwidth Inc. (BAND) holder eyes $278K stock sale under Rule 144

Rhea-AI Filing Summary

Bandwidth Inc. (BAND) is the issuer for which David A. Morken filed a Rule 144 notice indicating an intention to sell up to 6,000 shares of common stock. The shares relate to RSUs scheduled to vest on 08/28/2026 under a registered plan and are to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services.

The filing also reports that David A. Morken previously sold 4,632 shares of common stock on 05/29/2026 over the prior three months for aggregate proceeds of $272,572.50. This notice describes potential future sales under Rule 144 rather than confirming that the new 6,000-share sale has occurred.

Key Figures

Shares to be sold under Rule 144: 6,000 shares of common stock Prospective aggregate sale price: $278,100.00 Past 3 months shares sold: 4,632 shares of common stock +3 more

6 metrics

Shares to be sold under Rule 144 6,000 shares of common stock Maximum amount listed for prospective sale related to RSUs vesting 08/28/2026

Prospective aggregate sale price $278,100.00 Aggregate market value for the 6,000 shares listed in the Rule 144 notice

Past 3 months shares sold 4,632 shares of common stock Shares sold by David A. Morken on 05/29/2026

Past 3 months aggregate sale proceeds $272,572.50 Total proceeds from 4,632 shares sold on 05/29/2026

RSU vesting date 08/28/2026 Date on which RSUs underlying the 6,000 shares are scheduled to vest

Date of Notice 08/27/2026 Date on which the Rule 144 notice was signed and filed

Key Terms

Rule 144, restricted stock, registered plan, RSUs

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

restricted stock financial

"Restricted stock vesting under a registered plan"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

registered plan financial

"Restricted stock vesting under a registered plan"

A registered plan is a savings or investment account that a government recognizes for special tax treatment and rules, such as limits on how much you can put in and conditions for withdrawals. For investors it matters because those rules change how much of your gains are taxed, how quickly your money can be accessed and what strategies make sense — like a labeled jar that gives tax breaks but comes with rules about when and how you can take the money out.

RSUs financial

"The shares covered by this filing are RSUs that vest 08/28/2026."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

FAQ

What does the Form 144 filing for BAND disclose about planned share sales?

The Form 144 filing discloses that David A. Morken intends to sell up to 6,000 shares of Bandwidth Inc. common stock related to RSUs vesting on 08/28/2026, with sales to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services under Rule 144.

Who is the selling security holder in Bandwidth Inc. (BAND)'s Form 144 filing?

The selling security holder is David A. Morken, in connection with Bandwidth Inc. common stock. The filing states that the shares covered are RSUs that vest on 08/28/2026 under a registered plan and are to be sold under Rule 144.

How many BAND shares are covered by the new Rule 144 notice?

The Rule 144 notice covers up to 6,000 shares of Bandwidth Inc. common stock. These shares are associated with restricted stock units (RSUs) that are scheduled to vest on 08/28/2026 under a registered plan.

What prior sales by David A. Morken are reported in the BAND Form 144?

The filing reports that David A. Morken sold 4,632 shares of Bandwidth Inc. common stock on 05/29/2026, with aggregate sale proceeds of $272,572.50 during the past three months preceding the notice.

Which broker is listed for the planned sale of BAND shares in the Form 144?

The broker listed is Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004, which is designated to handle the potential sale of the 6,000 Bandwidth Inc. common shares under Rule 144.

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

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Available on EDGAR 08/28/2026 - 09:00 AM Accepted by SEC EDGAR 08/27/2026 - 08:55 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	0001721962
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	Morken David A.
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
Relationship to Issuer	Director

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	6000	278100.00	30222760	08/31/2026	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	08/28/2026	Restricted stock vesting under a registered plan	Issuer			6000	08/28/2026	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
David A. Morken c/o Bandwidth Inc. 2230 Bandmate Way Raleigh NC 27607	Common	05/29/2026	4632	272572.50

144: Remarks and Signature

Remarks	The shares covered by this filing are RSUs that vest 08/28/2026.
Date of Notice	08/27/2026
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 David A. Morken
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)