Bandwidth (NASDAQ: BAND) exec to sell 2,000 RSU shares
Rhea-AI Filing Summary
Bandwidth Inc. (BAND) received a notice under Rule 144 for a proposed sale of its common stock by officer R. Brandon Asbill. The notice covers 2,000 shares, related to RSUs that vest on 08/28/2026, with an aggregate market value of $92,700.00. Shares outstanding were 30,222,760. The proposed sales are to be executed through Morgan Stanley Smith Barney LLC, with trading on NASDAQ. The seller previously sold 1,781 shares for $104,803.65 on 05/29/2026 and 29,214 shares for $2,104,376.23 on 06/05/2026.
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Key Figures
Shares to be sold: 2,000 shares
Aggregate market value: $92,700.00
Shares outstanding: 30,222,760 shares
+3 more
6 metrics
Shares to be sold
2,000 shares
Common stock covered by current Rule 144 notice
Aggregate market value
$92,700.00
Estimated value of 2,000 shares to be sold
Shares outstanding
30,222,760 shares
Common shares outstanding referenced in the notice
Prior sale 1
1,781 shares for $104,803.65
Sale on 05/29/2026 by R. Brandon Asbill
Prior sale 2
29,214 shares for $2,104,376.23
Sale on 06/05/2026 by R. Brandon Asbill
RSU vesting date
08/28/2026
Date RSUs underlying the 2,000 shares vest
Key Terms
Rule 144, restricted stock vesting, RSUs, Attorney-in-Fact
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 vesting financial
"Restricted stock vesting under a registered plan"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
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.
Attorney-in-Fact regulatory
"Signature | /s/ Lorna A. Knick, Attorney-in-Fact for R. Brandon Asbill"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does the Form 144 filing mean for Bandwidth Inc. (BAND)?
The Form 144 filing states that officer R. Brandon Asbill intends to sell 2,000 shares of Bandwidth Inc. common stock under Rule 144, related to RSUs vesting on 08/28/2026, through Morgan Stanley Smith Barney LLC on NASDAQ.
What prior sales has R. Brandon Asbill reported for BAND in the last 3 months?
R. Brandon Asbill reported selling 1,781 shares for $104,803.65 on 05/29/2026 and 29,214 shares for $2,104,376.23 on 06/05/2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.