Bandwidth Inc. (NASDAQ: BAND) COO logs open-market sale of 15,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bandwidth Inc. Chief Operating Officer Devesh Agarwal sold 15,000 shares of Class A Common Stock in an open-market transaction at a weighted average price of $57.2439 per share. After this sale, he directly holds 61,414 shares. The sale was executed in multiple trades between $57.00 and $57.98 per share.
Positive
- None.
Negative
- None.
Insights
COO executes a moderate open-market share sale while retaining a sizable stake.
Bandwidth Inc. Chief Operating Officer Devesh Agarwal sold 15,000 shares of Class A Common Stock in an open-market transaction at a weighted average price of $57.2439 per share. The trades occurred across a range from $57.00 to $57.98.
Following the sale, Agarwal directly holds 61,414 shares, indicating he maintains a meaningful equity position. There are no derivative positions disclosed in this filing, and the footnote clarifies only the price range and weighted-average nature of the sale without mentioning any trading plan.
Insider Trade Summary
Net Seller: 15,000 shares ($858,659)
Net Sell
1 txn
Insider
Agarwal Devesh
Role
Chief Operating Officer
Sold
15,000 shs ($859K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 15,000 | $57.2439 | $859K |
Holdings After Transaction:
Class A Common Stock — 61,414 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares sold: 15,000 shares
Weighted average sale price: $57.2439 per share
Shares held after transaction: 61,414 shares
3 metrics
Shares sold
15,000 shares
Open-market sale of Class A Common Stock on May 20, 2026
Weighted average sale price
$57.2439 per share
Open-market sale price, with trades from $57.00 to $57.98
Shares held after transaction
61,414 shares
Direct ownership of Class A Common Stock after sale
Key Terms
open-market sale, Class A Common Stock, weighted average price, Form 4
4 terms
open-market sale financial
"transaction_action: "open-market sale" for 15,000 shares of Class A Common Stock"
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" sold in the transaction"
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.
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): reporting transaction for Bandwidth Inc."
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.
FAQ
What did Bandwidth Inc. executive Devesh Agarwal report in this Form 4 for BAND?
Devesh Agarwal, Chief Operating Officer of Bandwidth Inc., reported selling 15,000 shares of Class A Common Stock. The transaction was an open-market sale at a weighted average price of $57.2439 per share, with prices ranging from $57.00 to $57.98.
What type of transaction did Bandwidth Inc. (BAND) COO Devesh Agarwal execute?
Devesh Agarwal executed an open-market sale of Bandwidth Inc. Class A Common Stock. The Form 4 lists the transaction code “S,” indicating a sale in open market or private transaction, with 15,000 shares sold at a weighted average price of $57.2439.
Does the Bandwidth Inc. (BAND) Form 4 mention any derivatives or options for Devesh Agarwal?
This Form 4 does not show any derivative securities for Devesh Agarwal. The derivative summary is empty, and the reported activity relates solely to non-derivative Class A Common Stock sold in the open market on May 20, 2026.
What does the weighted average price footnote mean in the Bandwidth Inc. (BAND) Form 4?
The footnote explains that the reported $57.2439 price is a weighted average across multiple trades. Shares were sold between $57.00 and $57.98, and detailed per-trade price information is available upon request from the company, any security holder, or SEC staff.