Bandwidth COO sells 15,000 BAND shares

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.

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.

Insights

Equity markets analyst

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

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)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.00 to $57.98. 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.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many Bandwidth Inc. (BAND) shares does Devesh Agarwal hold after this transaction?

After the reported sale, Devesh Agarwal directly holds 61,414 shares of Bandwidth Inc. Class A Common Stock. This figure reflects his direct ownership immediately following the 15,000-share open-market disposition disclosed in the Form 4 filing.

At what prices were the Bandwidth Inc. (BAND) shares sold in Devesh Agarwal’s Form 4?

The reported shares were sold at a weighted average price of $57.2439 per share. Individual trades occurred in multiple transactions at prices between $57.00 and $57.98, as disclosed in the footnote to the Form 4 filing.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/21/2026 - 04:17 PM Learn about SEC filing dates

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^*

Agarwal Devesh

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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	05/20/2026		S		15,000	D	$57.2439(1)	61,414	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 $57.00 to $57.98. 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 Devesh Agarwal	05/21/2026
	** 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)