Bandwidth Inc. (BAND) COO sells 15,000 shares, keeps 96,414

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Bandwidth Inc. Chief Operating Officer Devesh Agarwal reported open-market sales of the company’s Class A Common Stock. He sold 10,258 shares on May 4, 2026 at a weighted average price of $45.0241 per share and 4,742 shares on May 5, 2026 at a weighted average price of $45.3864 per share. Following these transactions, he continues to hold 96,414 shares directly, indicating that a substantial stake remains after the sales. The prices reflect multiple trades within narrow ranges, as detailed in the footnotes.

Insider Trade Summary

Net Seller: 15,000 shares ($677,080)

Net Sell 2 txns

Insider Agarwal Devesh

Role Chief Operating Officer

Sold 15,000 shs ($677K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	4,742	$45.3864	$215K
Sale	Class A Common Stock	10,258	$45.0241	$462K

Holdings After Transaction: Class A Common Stock — 96,414 shares (Direct, null)

Footnotes (1)

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.03. The Reporting Person undertakes to provide Bandwidth Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.065 to $45.95. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Key Figures

Shares sold May 4, 2026: 10,258 shares Price May 4, 2026: $45.0241 per share Shares sold May 5, 2026: 4,742 shares +3 more

6 metrics

Shares sold May 4, 2026 10,258 shares Open-market sale of Class A Common Stock

Price May 4, 2026 $45.0241 per share Weighted average sale price

Shares sold May 5, 2026 4,742 shares Open-market sale of Class A Common Stock

Price May 5, 2026 $45.3864 per share Weighted average sale price

Total shares sold 15,000 shares Net shares sold across both transactions

Shares held after transactions 96,414 shares Direct ownership of Class A Common Stock

Key Terms

Class A Common Stock, open-market sale, weighted average price, Form 4

4 terms

Class A Common Stock financial

"The transactions involved Bandwidth Inc. Class A Common Stock, a non-derivative security."

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.

open-market sale financial

"Both reported trades are coded as open-market or private sale transactions, indicating direct share sales."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/05/2026 - 04:11 PM

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).

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^*

Agarwal Devesh

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/04/2026		S		10,258⁽¹⁾	D	$45.0241	101,156	D
Class A Common Stock	05/05/2026		S		4,742⁽²⁾	D	$45.3864	96,414	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.03. The Reporting Person undertakes to provide Bandwidth Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.065 to $45.95. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Leah Webb, Attorney-in-Fact for Devesh Agarwal	05/05/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Bandwidth Inc. (BAND) report for Devesh Agarwal?

Bandwidth Inc.’s Chief Operating Officer, Devesh Agarwal, reported two open-market sales of Class A Common Stock. He sold 10,258 shares on May 4, 2026 and 4,742 shares on May 5, 2026, totaling 15,000 shares across both days.

At what prices did Devesh Agarwal sell Bandwidth Inc. (BAND) shares?

Devesh Agarwal’s reported sale prices are weighted averages. He sold 10,258 shares at a weighted average price of $45.0241 on May 4, 2026 and 4,742 shares at a weighted average price of $45.3864 on May 5, 2026, based on multiple trades.

How many Bandwidth Inc. (BAND) shares does Devesh Agarwal hold after these sales?

After the reported transactions, Devesh Agarwal directly holds 96,414 shares of Bandwidth Inc. Class A Common Stock. This post-transaction figure indicates he retained a significant ownership position even after selling a total of 15,000 shares over the two trading days.

Were Devesh Agarwal’s Bandwidth Inc. (BAND) sales single trades or multiple executions?

According to the footnotes, each day’s reported price is a weighted average. The May 4, 2026 sales occurred between $45.00 and $45.03 per share, while May 5, 2026 sales ranged from $45.065 to $45.95, reflecting multiple executions within those price bands.

What type of security did Devesh Agarwal sell in Bandwidth Inc. (BAND)?

The transactions involved Bandwidth Inc. Class A Common Stock, a non-derivative security. Both reported trades are coded as open-market or private sale transactions, indicating direct share sales rather than option exercises, gifts, or other derivative-related activities.