Bandwidth (NASDAQ: BAND) controller exercises RSUs and sells 1,198 shares
Rhea-AI Filing Summary
Bandwidth Inc. Controller and Principal Accounting Officer Devin M. Krupka reported recent equity transactions in the company’s Class A Common Stock. On May 28, 2026, he exercised Restricted Stock Units, converting a total of 4,293 shares of RSUs into common stock at a conversion price of $0.00 per share.
On May 29, 2026, Krupka then executed open-market sales totaling 1,198 shares of Class A Common Stock. Individual sales included 684 shares at $58.3693, 512 shares at $59.4771, and 2 shares at $60.00 per share, with footnotes stating that some trades were reported at weighted average prices within ranges from $57.88 to $59.75 per share. Following these transactions, he directly owns 26,371 shares of Bandwidth Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Krupka Devin M
Role
Controller, PAO
Sold
1,198 shs ($70K)
Approx. gross sale proceeds
$70K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 684 | $58.3693 | $40K |
| Sale | Class A Common Stock | 512 | $59.4771 | $30K |
| Sale | Class A Common Stock | 2 | $60.00 | $120.00 |
| Exercise | Restricted Stock Units | 2,776 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,517 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,776 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,517 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 14,653 shares (Direct);
Class A Common Stock — 26,371 shares (Direct)
Footnotes (5)
- 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 November 28, 2023, the Reporting Person was granted 33,303 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.
- F5. On November 28, 2024, the Reporting Person was granted 18,205 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
Total shares sold: 1,198 shares
Sale price 1: $58.3693 per share
Sale price 2: $59.4771 per share
+5 more
8 metrics
Total shares sold
1,198 shares
Open-market sales on May 29, 2026
Sale price 1
$58.3693 per share
684 shares of Class A Common Stock
Sale price 2
$59.4771 per share
512 shares of Class A Common Stock
Sale price 3
$60.0000 per share
2 shares of Class A Common Stock
Shares from RSU exercises
4,293 shares
Conversion of Restricted Stock Units on May 28, 2026
Post-transaction holdings
26,371 shares
Class A Common Stock directly owned after May 29, 2026 sales
RSU grant 2023
33,303 RSUs
Granted November 28, 2023 with staged vesting
RSU grant 2024
18,205 RSUs
Granted November 28, 2024 with staged vesting
Key Terms
Restricted Stock Units, weighted average price, open-market sale, derivative security, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
derivative security financial
"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.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Bandwidth (BAND) officer Devin Krupka report?
Devin M. Krupka reported exercising Restricted Stock Units for 4,293 shares and then selling 1,198 shares of Bandwidth Class A Common Stock in open-market transactions. These trades occurred on May 28–29, 2026, according to the Form 4.
What Restricted Stock Unit activity did Bandwidth (BAND) disclose for Devin Krupka?
The Form 4 shows Krupka exercised Restricted Stock Units covering 1,517 and 2,776 units, each converting into one share of Bandwidth Class A Common Stock. In total, 4,293 RSUs were converted to common shares on May 28, 2026.
Were Devin Krupka’s Bandwidth (BAND) sales open-market transactions or tax withholding?
Krupka’s disposals are coded with transaction code “S,” described as sales in open market or private transactions. The filing does not use tax-withholding code “F,” indicating these sales are reported as open-market trades rather than shares withheld for taxes.
What do the Bandwidth (BAND) Form 4 footnotes say about Devin Krupka’s RSUs?
Footnotes explain each Restricted Stock Unit represents a contingent right to receive one Bandwidth Class A share. Grants on November 28, 2023 and November 28, 2024 vest one-third after one year, with remaining units vesting in eight equal quarterly installments starting February 28, 2025 and February 28, 2026, respectively.