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.

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)

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.

How many Bandwidth (BAND) shares did Lukas M. Roush retain after the sale?

After the September 16, 2026 sale, Lukas M. Roush directly holds 60,269 shares of Bandwidth Inc. Class A common stock, according to the Form 4 filing.

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 was the total value of Lukas M. Roush’s Bandwidth (BAND) share sale?

Based on the reported sale of 1,500 shares at $48.60 per share, the transaction value was approximately $72,900, reflecting an open-market sale of Bandwidth Class A common stock.

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.

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Available on EDGAR 09/17/2026 - 04:06 PM Accepted by SEC EDGAR 09/17/2026 - 04:05 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Roush Lukas M.

(Last) (First) (Middle)

C/O BANDWIDTH INC.

2230 BANDMATE WAY

(Street)

RALEIGH NORTH CAROLINA 27607

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Bandwidth Inc. [ BAND ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/16/2026		S(1)		1,500	D	$48.6	60,269	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on May 28, 2026.

Remarks:

	/s/ Leah Webb, Attorney-in-Fact for Lukas M. Roush	09/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)