BAND insider sale notice — 34,375 shares planned; $539k market value

Rhea-AI Filing Summary

Bandwidth Inc. Form 144 shows planned and recent sales of Company common stock by an insider. The filer intends to sell 34,375 shares through Raymond James (aggregate market value $539,000) and an additional 1,625 shares through Fidelity (aggregate market value $25,480) with approximate sale date 09/08/2025 on NASDAQ. The filing lists prior vesting of multiple restricted stock grants totaling 38,459 shares acquired between 07/21/2023 and 08/30/2025. It also discloses actual insider sales in the past three months totaling 34,334 shares for gross proceeds of $528,553.52. The filer certifies no undisclosed material adverse information.

Positive

• Compliance: The filer provided required Rule 144 disclosure including broker details, planned sale dates, and past sales amounts
• Transparency: Prior restricted stock vesting dates and amounts are listed, clarifying the source of shares sold

Negative

• Insider selling: Significant insider sales in past three months totaling 34,334 shares for $528,553.52
• Planned sales sizable: Proposed sale of 34,375 shares with aggregate market value of $539,000 on 09/08/2025

Insights

Securities Analyst

TL;DR: Routine insider sale notice disclosing scheduled and recent divestitures; material only in dollar terms, not a corporate action.

The Form 144 is a compliance notice under Rule 144 reporting proposed sales of Bandwidth Inc. common stock and summarizing prior restricted stock vesting events that supplied the shares. The filing names brokers, planned sale dates (09/08/2025), and quantifies both the shares proposed for sale (34,375 and 1,625) and recent completed transactions totaling 34,334 shares for about $528.6k. For investors, this is transparent insider liquidity rather than a signal of corporate financial change; it does not disclose any new operating metrics, material agreements, or governance changes.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; shows insider vesting and post-vesting sales activity.

The document documents multiple restricted stock vesting dates spanning 2023–2025, indicating compensation equity was the source of shares sold. It lists broker-dealers and sale amounts, satisfying transaction transparency expectations. The filer’s signature statement affirms absence of undisclosed material adverse information. This filing does not indicate departures, policy changes, or other governance events.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	Raymond James & Associates, Inc. 880 Carillon Parkway St. Petersburg FL 33716	34375	539000.00	28183017	09/08/2025	NASDAQ
Common	Fidelity Brokerage Services LLC 245 Summer Street Boston MA 02110	1625	25480.00	28183017	09/08/2025	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	08/30/2025	Restricted stock vesting under a registered plan	Issuer			3892	08/30/2025	N/A
Common	01/03/2025	Restricted stock vesting under a registered plan	Issuer			3071	01/03/2025	N/A
Common	08/30/2024	Restricted stock vesting under a registered plan	Issuer			6252	08/30/2024	N/A
Common	08/28/2024	Restricted stock vesting under a registered plan	Issuer			1897	08/28/2024	N/A
Common	07/21/2024	Restricted stock vesting under a registered plan	Issuer			2921	07/21/2024	N/A
Common	02/28/2024	Restricted stock vesting under a registered plan	Issuer			2321	02/28/2024	N/A
Common	01/03/2024	Restricted stock vesting under a registered plan	Issuer			3032	01/03/2024	N/A
Common	11/28/2023	Restricted stock vesting under a registered plan	Issuer			9473	11/28/2023	N/A
Common	07/21/2023	Restricted stock vesting under a registered plan	Issuer			3510	07/21/2023	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
Daryl Raiford c/o Bandwidth Inc. 2230 Bandmate Way Raleigh NC 27607	Common	07/22/2025	1849	28591.83
Daryl Raiford c/o Bandwidth Inc. 2230 Bandmate Way Raleigh NC 27607	Common	07/23/2025	1136	17778.40
Daryl Raiford c/o Bandwidth Inc. 2230 Bandmate Way Raleigh NC 27607	Common	08/29/2025	3488	52616.83
Daryl Raiford c/o Bandwidth Inc. 2230 Bandmate Way Raleigh NC 27607	Common	09/02/2025	2150	32162.28
Daryl Raiford c/o Bandwidth Inc. 2230 Bandmate Way Raleigh NC 27607	Common	09/03/2025	4117	62708.09
Daryl Raiford c/o Bandwidth Inc. 2230 Bandmate Way Raleigh NC 27607	Common	09/04/2025	2594	40108.69
Daryl Raiford c/o Bandwidth Inc. 2230 Bandmate Way Raleigh NC 27607	Common	09/05/2025	19000	294587.40

144: Remarks and Signature

Remarks

Date of Notice

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Bandwidth Inc.'s (BAND) Form 144 report?

The Form 144 reports proposed sales of 34,375 shares via Raymond James and 1,625 shares via Fidelity, planned for 09/08/2025, and prior sales in the past three months totaling 34,334 shares for $528,553.52.

Who is selling the shares reported on the Form 144?

The filing identifies the seller as an individual associated with Bandwidth Inc.; sales are from restricted stock vesting under the issuer's registered plan.

What was the source of the shares being sold on the Form 144?

The shares originated from multiple restricted stock vesting events between 07/21/2023 and 08/30/2025, as listed in the filing.

How much did the insider receive from recent sales?

The filing shows gross proceeds of $528,553.52 from sales of 34,334 shares in the past three months.

On which exchange will the planned sales occur?

The planned sales are reported to occur on NASDAQ.