Bandwidth (BAND) CIO exercises 5,690 RSUs, then sells 1,588 shares
Rhea-AI Filing Summary
Bandwidth Inc. Chief Information Officer Ross Kade reported a combination of stock sales and equity award exercises. On May 29, 2026, he sold a total of 1,588 shares of Class A Common Stock in open-market transactions at weighted average prices around $58–$60 per share, executed across multiple trades within disclosed price ranges.
On May 28, 2026, he exercised Restricted Stock Units (treated as derivative securities) to acquire 5,690 shares of Class A Common Stock at a conversion price of $0.00 per share. Following these transactions, he directly holds 47,996 shares of Class A Common Stock, along with remaining Restricted Stock Units scheduled to vest over time under prior grant agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Ross Kade
Role
Chief Information Officer
Sold
1,588 shs ($93K)
Approx. gross sale proceeds
$93K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 907 | $58.3693 | $53K |
| Sale | Class A Common Stock | 678 | $59.4771 | $40K |
| Sale | Class A Common Stock | 3 | $60.00 | $180.00 |
| Exercise | Restricted Stock Units | 446 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,391 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,853 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 446 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,391 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,853 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 18,348 shares (Direct);
Class A Common Stock — 47,996 shares (Direct)
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.88 to $58.88. 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.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.89 to $59.75. 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.
- F3. Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F4. On August 28, 2023, the Reporting Person was granted 5,353 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vest in eight equal quarterly installments beginning on November 28, 2024.
- F5. On November 28, 2023, the Reporting Person was granted 40,697 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vest in eight equal quarterly installments beginning on February 28, 2025.
- F6. On November 28, 2024, the Reporting Person was granted 22,238 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vest in eight equal quarterly installments beginning on February 28, 2026.
Key Figures
Shares sold: 1,588 shares
Sale price (block 1): $60.0000 per share
Sale price (block 2): $59.4771 per share
+5 more
8 metrics
Shares sold
1,588 shares
Class A Common Stock sold in open-market transactions on May 29, 2026
Sale price (block 1)
$60.0000 per share
Open-market sale of 3 shares of Class A Common Stock
Sale price (block 2)
$59.4771 per share
Open-market sale of 678 shares of Class A Common Stock
Sale price (block 3)
$58.3693 per share
Open-market sale of 907 shares of Class A Common Stock
Shares acquired via RSU exercise
5,690 shares
Class A Common Stock from RSU exercises on May 28, 2026
Post-transaction holdings
47,996 shares
Directly held Class A Common Stock after reported trades
RSU grant 2023-08-28
5,353 units
Restricted Stock Units with one-third vesting after one year
RSU grant 2023-11-28
40,697 units
Restricted Stock Units vesting over time in quarterly installments
Key Terms
Restricted Stock Unit, weighted average price, derivative security, open-market sale, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions..."
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.
derivative security financial
"transaction_action: derivative exercise/conversion; transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
open-market sale financial
"transaction_action: open-market sale; transaction_code_description: Sale in open market or private transaction"
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.
vesting financial
"one third of which vested on the first anniversary of the date of grant and the remaining shares vest in eight equal quarterly installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Bandwidth (BAND) executive Ross Kade report in this Form 4?
Ross Kade, Bandwidth’s Chief Information Officer, reported exercising Restricted Stock Units for Class A shares and selling some shares in open-market transactions, reflecting routine equity compensation activity and subsequent portfolio management.
What are the details of Ross Kade’s Restricted Stock Unit grants at Bandwidth (BAND)?
Ross Kade received RSU grants of 5,353 units, 40,697 units, and 22,238 units on various 2023–2024 dates. Each grant vests one third after one year, with the remaining two thirds vesting in eight equal quarterly installments beginning on specified later vesting dates.