Bandwidth (BAND) CFO sells 13,868 shares in March open-market trades

Rhea-AI Filing Summary

Bandwidth Inc.’s Chief Financial Officer Daryl E. Raiford reported two open-market sales of Class A Common Stock. On March 6, 2026, he sold 4,900 shares at a weighted average price of $16.3406 per share. On March 9, 2026, he sold an additional 8,968 shares at a weighted average price of $16.4769 per share. After these transactions, he directly held 92,578 shares of Bandwidth Inc. stock. The footnotes state that each day’s price is a weighted average for multiple trades within intraday ranges of $16.02–$16.52 and $16.15–$16.64, respectively.

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

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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^*

Raiford Daryl E

(Last) (First) (Middle)

C/O BANDWIDTH INC.

2230 BANDMATE WAY

(Street)

RALEIGH NC 27607

(City) (State) (Zip)

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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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

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

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

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	03/06/2026		S		4,900	D	$16.3406(1)	101,546	D
Class A Common Stock	03/09/2026		S		8,968	D	$16.4769(2)	92,578	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 $16.02 to $16.52. 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 $16.15 to $16.64. 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 Daryl E. Raiford	03/10/2026
	** 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).
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FAQ

What insider transactions did Bandwidth (BAND) disclose for its CFO?

Bandwidth’s CFO, Daryl E. Raiford, reported two open-market sales of Class A Common Stock. He sold 4,900 shares on March 6, 2026, and 8,968 shares on March 9, 2026, for a combined 13,868 shares sold, according to the Form 4.

How many Bandwidth (BAND) shares did the CFO sell and at what prices?

The CFO sold a total of 13,868 Bandwidth Class A shares. He sold 4,900 shares at a weighted average of $16.3406 and 8,968 shares at a weighted average of $16.4769, with actual trade prices ranging between $16.02–$16.64 over the two trading days.

After these Form 4 transactions, how many Bandwidth (BAND) shares does the CFO hold?

Following the reported sales, CFO Daryl E. Raiford directly holds 92,578 shares of Bandwidth Class A Common Stock. This post-transaction holding figure is disclosed in the Form 4 and reflects his remaining direct ownership after the March 2026 open-market sales.

Were the Bandwidth (BAND) CFO’s share sales single trades or multiple trades?

Each reported sale date reflects multiple trades aggregated into a weighted average price. On March 6 and March 9, 2026, shares were sold in numerous transactions within intraday price ranges, and the Form 4 notes the CFO can provide full trade breakdowns upon request.

What were the intraday price ranges for the Bandwidth (BAND) CFO’s stock sales?

On March 6, 2026, the CFO’s sales occurred between $16.15 and $16.64 per share. On March 9, 2026, sales ranged from $16.02 to $16.52 per share. The reported prices on the Form 4 are weighted averages across these multiple trades.