Bandwidth (BAND) director sells 4,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
Bandwidth Inc. (BAND) director Douglas A. Suriano reported selling a total of 4,000 shares of Class A common stock on August 17, 2026. The sales included 3,800 shares at a weighted average price of $53.03 (individual trades between $52.61 and $53.45) and 200 shares at a weighted average price of $54.17 (individual trades between $54.16 and $54.17). The transactions were carried out pursuant to a Rule 10b5-1 trading plan adopted on May 18, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,000 shares
Net Sell
2 txns
Insider
Suriano Douglas A
Role
Director
Sold
4,000 shs ($212K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 3,800 | $53.034 | $202K |
| Sale | Class A Common Stock F1, F3 | 200 | $54.165 | $11K |
Holdings After Transaction:
Class A Common Stock — 42,077 shares (Direct)
Footnotes (3)
- F1. Reflects shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on May 18, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.61 to $53.45. 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.16 to $54.17. 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.
Key Figures
Shares sold (principal block): 3,800 shares
Shares sold (secondary block): 200 shares
Total shares sold: 4,000 shares
+3 more
6 metrics
Shares sold (principal block)
3,800 shares
Class A Common Stock sold on August 17, 2026 at weighted average $53.034
Shares sold (secondary block)
200 shares
Class A Common Stock sold on August 17, 2026 at weighted average $54.165
Total shares sold
4,000 shares
Net shares sold by Douglas A. Suriano per transaction summary
Price range main block
$52.61–$53.45
Multiple trades for 3,800-share sale; weighted average $53.034
Price range secondary block
$54.16–$54.17
Multiple trades for 200-share sale; weighted average $54.165
Rule 10b5-1 plan adoption date
May 18, 2026
Plan under which the reported sales were executed
Key Terms
Rule 10b5-1 plan, weighted average price, multiple transactions, reporting person
4 terms
Rule 10b5-1 plan regulatory
"Reflects shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
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.
multiple transactions financial
"These shares were sold in multiple transactions at prices ranging"
reporting person regulatory
"The Reporting Person undertakes to provide Bandwidth Inc."
FAQ
What insider transaction did Bandwidth Inc. (BAND) disclose in this Form 4?
Bandwidth Inc. disclosed that director Douglas A. Suriano sold a total of 4,000 shares of the company’s Class A common stock on August 17, 2026, as reported in this Form 4 filing.
Were the recent BAND insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the sales were made under a Rule 10b5-1 plan adopted by Douglas A. Suriano on May 18, 2026, indicating the trades followed a pre-established trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.