Bandwidth Inc. (BAND) director sells 5,696 Class A shares

Rhea-AI Filing Summary

Bandwidth Inc. director Lukas M. Roush reported an open-market sale of 5,696 shares of Class A Common Stock on May 5, 2026. The shares were sold at a weighted average price of $47.6162 per share, in multiple trades between $47.20 and $47.90, leaving him with 56,602 shares directly owned.

Insider Trade Summary

Net Seller: 5,696 shares ($271,222)

Net Sell 1 txn

Insider Roush Lukas M.

Role null

Sold 5,696 shs ($271K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	5,696	$47.6162	$271K

Holdings After Transaction: Class A Common Stock — 56,602 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 5,696 shares Weighted average sale price: $47.6162 per share Price range of sales: $47.20 to $47.90 per share +1 more

4 metrics

Shares sold 5,696 shares Open-market sale on May 5, 2026

Weighted average sale price $47.6162 per share Class A Common Stock sale on May 5, 2026

Price range of sales $47.20 to $47.90 per share Multiple transactions in reported sale

Shares owned after transaction 56,602 shares Direct holdings following May 5, 2026 sale

Key Terms

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

3 terms

open-market sale financial

"The transaction_action field describes an open-market sale."

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 is a weighted average price for the shares sold."

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.

Class A Common Stock financial

"The security title is listed as Class A Common Stock."

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

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)
05/05/2026

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	05/05/2026		S		5,696	D	$47.6162(1)	56,602	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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.20 to $47.90. 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.

Remarks:

	/s/ Leah Webb, Attorney-in-Fact for Lukas M. Roush	05/06/2026
	** 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)

FAQ

What insider transaction did Bandwidth Inc. (BAND) disclose for Lukas M. Roush?

Bandwidth Inc. disclosed that director Lukas M. Roush sold 5,696 shares of Class A Common Stock in an open-market transaction on May 5, 2026. After this sale, he directly owned 56,602 shares, according to the Form 4 filing details.

At what price did Lukas M. Roush sell Bandwidth Inc. (BAND) shares?

The reported sale used a weighted average price of $47.6162 per share for 5,696 shares. Trades occurred in multiple transactions, with individual sale prices ranging from $47.20 to $47.90, as described in the Form 4 footnote accompanying the transaction.

How many Bandwidth Inc. (BAND) shares does Lukas M. Roush hold after the reported sale?

Following the sale of 5,696 shares, Lukas M. Roush directly holds 56,602 shares of Bandwidth Inc. Class A Common Stock. This post-transaction ownership figure is reported in the Form 4 under total shares following the transaction for his direct holdings.

Was the Bandwidth Inc. (BAND) insider sale by Lukas M. Roush a market transaction?

Yes. The Form 4 describes the transaction as an open-market sale of Class A Common Stock. The shares were sold in multiple trades, with a weighted average price of $47.6162 and individual transaction prices ranging from $47.20 to $47.90 per share.

Does the Bandwidth Inc. (BAND) Form 4 mention a trading plan for Lukas M. Roush?

The provided Form 4 excerpt does not reference a Rule 10b5-1 trading plan for Lukas M. Roush. The only footnote explains that the reported sale price is a weighted average, with individual trades between $47.20 and $47.90 per share for the transaction.