Bandwidth Inc. (BAND) COO exercises 7,370 RSUs and sells 3,173 shares
Rhea-AI Filing Summary
Bandwidth Inc. Chief Operating Officer Devesh Agarwal reported a combination of equity award activity and an open-market sale. On 2026-08-08, he exercised 7,370 Restricted Stock Units, receiving an equal number of Class A Common shares, exhausting that RSU grant. These RSUs came from a 29,481-unit award granted on 2022-08-08 that vests in four equal annual installments beginning 2023-08-08. On 2026-08-10, he then sold 3,173 Class A shares in multiple transactions at a weighted average price of $50.4528 per share, with individual trade prices ranging from $50.085 to $51.02.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Agarwal Devesh
Role
Chief Operating Officer
Sold
3,173 shs ($160K)
Approx. gross sale proceeds
$160K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 3,173 | $50.4528 | $160K |
| Exercise | Restricted Stock Units F2, F3 | 7,370 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,370 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 72,776 shares (Direct)
Footnotes (3)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.085 to $51.02. 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. Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3. On August 8, 2022, the Reporting Person was granted 29,481 Restricted Stock Units, which vested in four equal annual installments beginning on August 8, 2023.
Key Figures
Shares sold: 3,173 shares
Weighted average sale price: $50.4528 per share
RSUs exercised: 7,370 units
+1 more
4 metrics
Shares sold
3,173 shares
Class A Common Stock sold by COO on 2026-08-10
Weighted average sale price
$50.4528 per share
Open-market sale of 3,173 Class A shares, prices $50.085–$51.02
RSUs exercised
7,370 units
Restricted Stock Units converted into Class A Common Stock on 2026-08-08
Original RSU grant size
29,481 units
Grant made on August 8, 2022, vesting in four equal annual installments
Key Terms
Restricted Stock Unit, weighted average price, contingent right, vested in four equal annual installments
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
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."
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.
contingent right financial
"represents a contingent right to receive one share of the Company's Class A"
vested in four equal annual installments financial
"which vested in four equal annual installments beginning on August 8, 2023."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Bandwidth (BAND) COO Devesh Agarwal report?
Devesh Agarwal reported exercising 7,370 Restricted Stock Units into Class A Common Stock on 2026-08-08 and selling 3,173 shares of Class A Common Stock on 2026-08-10 in open-market transactions.
What RSU grant did the Bandwidth (BAND) COO exercise in this Form 4?
He exercised 7,370 Restricted Stock Units tied to a grant of 29,481 RSUs awarded on 2022-08-08, which vests in four equal annual installments beginning on 2023-08-08, with each unit representing one Class A share.
Did the Bandwidth (BAND) COO’s RSU exercise convert into common stock?
Yes. Each Restricted Stock Unit represents a contingent right to receive one share of Bandwidth’s Class A Common Stock, so exercising 7,370 RSUs resulted in receiving 7,370 Class A shares as reported.
Is the Bandwidth (BAND) COO’s reported activity purely a sale or also an award exercise?
It is mixed activity. The COO exercised 7,370 RSUs to acquire Class A shares and separately sold 3,173 shares in open-market transactions, resulting in both acquisition and disposition events in the same Form 4.