Bandwidth CIO sells 4,000 company shares
Bandwidth Inc. Chief Information Officer Ross Kade reported open-market sales of a total of 4,000 shares of Class A Common Stock on June 2, 2026.
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Form Type
4
Rhea-AI Filing Summary
Bandwidth Inc. Chief Information Officer Ross Kade reported open-market sales of a total of 4,000 shares of Class A Common Stock on June 2, 2026. The trades were executed in multiple blocks at weighted average prices around mid‑$60s to low‑$70s per share, with detailed price ranges from $68.20 to $72.58 disclosed in the footnotes. The filing notes these sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on November 24, 2025. After these transactions, one reported line in the filing shows Kade holding 43,996 shares of Bandwidth stock directly.
Insider Trade Summary 10b5-1
Net Seller: 4,000 shares
Net Sell
5 txns
Insider
Ross Kade
Role
Chief Information Officer
Sold
4,000 shs ($278K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,224 | $68.6404 | $153K |
| Sale | Class A Common Stock | 860 | $69.6956 | $60K |
| Sale | Class A Common Stock | 692 | $70.6275 | $49K |
| Sale | Class A Common Stock | 176 | $71.6541 | $13K |
| Sale | Class A Common Stock | 48 | $72.5333 | $3K |
Holdings After Transaction:
Class A Common Stock — 43,996 shares (Direct)
Footnotes (6)
- F1. Reflects shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on November 24, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.20 to $69.15. 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.22 to $70.21. 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.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.24 to $71.02. 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.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.275 to $72.05. 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.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.44 to $72.58. 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: 4,000 shares
Highest reported weighted average sale price: $72.5333 per share
Lowest disclosed trade price range: $68.20–$69.15
+2 more
5 metrics
Shares sold
4,000 shares
Total Class A Common Stock sold on June 2, 2026
Highest reported weighted average sale price
$72.5333 per share
Weighted average for one sale block on June 2, 2026
Lowest disclosed trade price range
$68.20–$69.15
Footnote F2 price band for part of the sales
Highest disclosed trade price range
$72.44–$72.58
Footnote F6 price band for part of the sales
Reported post-transaction holding
45,772 shares
Directly owned Class A shares after one reported sale line
Key Terms
Rule 10b5-1 plan, weighted average price, open-market sale, Class A Common Stock
4 terms
Rule 10b5-1 plan regulatory
"Reflects shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person"
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.
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.
open-market sale financial
"transaction_action: 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.
Class A Common Stock financial
"security_title: 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Bandwidth (BAND) executive Ross Kade report in this Form 4?
Ross Kade, Bandwidth’s Chief Information Officer, reported selling 4,000 shares of Class A Common Stock in open-market transactions. These trades occurred on June 2, 2026, and were executed in multiple price ranges as detailed in the filing’s transaction table and footnotes.
What type of transactions did the Bandwidth (BAND) Form 4 disclose?
The Form 4 discloses open-market sales of Bandwidth Class A Common Stock. Each transaction is coded “S” for sale and described as a sale in open market or private transactions, with share counts and weighted average prices provided for each separate block.
What price details does the Bandwidth (BAND) Form 4 provide for the sales?
The Form 4 reports weighted average prices for each sale block and explains that actual trades occurred in ranges. Footnotes disclose detailed price bands, including ranges like $68.20–$69.15 and up to $72.44–$72.58, with full breakdowns available on request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
