Bandwidth director sells $72.9K in stock
Bandwidth Inc. (BAND) director Lukas M. Roush reported selling 1,500 shares of Class A common stock on September 16, 2026 at $48.60 per share in an open-market transaction.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Bandwidth Inc. (BAND) director Lukas M. Roush reported selling 1,500 shares of Class A common stock on September 16, 2026 at $48.60 per share in an open-market transaction. After this sale, he directly holds 60,269 shares. The sale was made under a Rule 10b5-1 trading plan adopted on May 28, 2026.
Insider Trade Summary 10b5-1
Net Seller: 1,500 shares
Net Sell
1 txn
Insider
Roush Lukas M.
Role
Director
Sold
1,500 shs ($73K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 1,500 | $48.60 | $73K |
Holdings After Transaction:
Class A Common Stock — 60,269 shares (Direct)
Footnotes (1)
- F1. Reflects shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on May 28, 2026.
Key Figures
Shares sold: 1,500 shares
Sale price per share: $48.60 per share
Transaction value: $72,900
+3 more
6 metrics
Shares sold
1,500 shares
Open-market sale by director on September 16, 2026
Sale price per share
$48.60 per share
Price for the 1,500 Bandwidth Class A shares sold
Transaction value
$72,900
Approximate value of 1,500 shares sold at $48.60 per share
Shares held after transaction
60,269 shares
Director’s direct holdings of Bandwidth Class A common stock after the sale
Net shares sold in filing
1,500 shares
Net selling activity reported across all transactions in this Form 4
Rule 10b5-1 plan adoption date
May 28, 2026
Date on which the trading plan governing this sale was adopted
Key Terms
Rule 10b5-1 plan, open-market transaction, Class A common stock
3 terms
Rule 10b5-1 plan regulatory
"Reflects shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on May 28, 2026."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open-market transaction financial
"reported selling 1,500 shares of Class A common stock on September 16, 2026 at $48.60 per share in an open-market transaction."
An open-market transaction is a buy or sell of a company's shares or other securities conducted on a public exchange at the current market price, rather than through a private agreement. Investors watch these trades because they change the number of shares available and can move the price immediately—similar to how a large purchase at a busy store can raise demand and affect the checkout price—so such activity can signal market sentiment and alter ownership stakes.
Class A common stock financial
"director Lukas M. Roush reported selling 1,500 shares of Class A common stock on September 16, 2026"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Bandwidth Inc. (BAND) report for Lukas M. Roush?
Bandwidth Inc. reported that director Lukas M. Roush sold 1,500 shares of Bandwidth Class A common stock on September 16, 2026 in an open-market transaction at $48.60 per share.
Was the Bandwidth (BAND) insider sale by Lukas M. Roush under a Rule 10b5-1 plan?
Yes. The filing states the 1,500 shares were sold pursuant to a Rule 10b5-1 plan that Lukas M. Roush adopted on May 28, 2026, indicating the trades were pre-arranged.
What type of security did Lukas M. Roush sell in Bandwidth (BAND)?
Lukas M. Roush sold Class A common stock of Bandwidth Inc., disposing of 1,500 shares at a price of $48.60 per share in an open-market transaction on September 16, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
