Bandwidth (NASDAQ: BAND) CFO sells 8,040 shares under 10b5-1 plan

Rhea-AI Filing Summary

Bandwidth Inc. Chief Financial Officer Raiford Daryl E reported an open-market sale of 8,040 shares of Class A Common Stock on April 16, 2026 at a weighted average price of $20.0011 per share. The sale was executed under a pre-arranged Rule 10b5-1 plan. Following these transactions, he directly holds 28,605 shares of Bandwidth Inc. stock. The shares were sold in multiple trades at prices ranging from $20.00 to $20.02 per share.

Insider Trade Summary 10b5-1

Net Seller: 8,040 shares ($160,809)

Net Sell 1 txn

Insider Raiford Daryl E

Role Chief Financial Officer

Sold 8,040 shs ($161K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	8,040	$20.0011	$161K

Holdings After Transaction: Class A Common Stock — 28,605 shares (Direct)

Footnotes (1)

1. Reflects shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 3, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.02. 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.

Key Figures

Shares sold: 8,040 shares Weighted average sale price: $20.0011 per share Post-transaction holdings: 28,605 shares +1 more

4 metrics

Shares sold 8,040 shares Class A Common Stock sold on April 16, 2026

Weighted average sale price $20.0011 per share Open-market sale of Bandwidth Class A Common Stock

Post-transaction holdings 28,605 shares CFO’s directly held Bandwidth shares after sale

Sale price range $20.00–$20.02 per share Multiple transactions executed within this range

Key Terms

Rule 10b5-1 plan, weighted average price, open-market sale, Class A Common Stock

4 terms

Rule 10b5-1 plan financial

"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.

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.

Class A Common Stock financial

"security_title": "Class A Common Stock""

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.

Form 4 Insider Transactions: What Each Field Means →

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).

X

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^*

Raiford Daryl E

(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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026

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	04/16/2026		S(1)		8,040	D	$20.0011(2)	28,605	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. Reflects shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 3, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.02. 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.

Remarks:

	/s/ Leah Webb, Attorney-in-Fact for Daryl E. Raiford	04/17/2026
	** 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)

FAQ

What insider transaction did Bandwidth (BAND) disclose for its CFO?

Bandwidth disclosed that CFO Raiford Daryl E sold 8,040 shares of Class A Common Stock. The open-market sale occurred at a weighted average price of $20.0011 per share, leaving him with 28,605 directly held shares after the transaction.

At what prices did the Bandwidth (BAND) CFO sell his shares?

The CFO’s 8,040 Bandwidth shares were sold at a weighted average price of $20.0011. According to the disclosure, individual trade prices ranged from $20.00 to $20.02 per share across multiple transactions executed on April 16, 2026.

Was the Bandwidth (BAND) CFO’s share sale made under a Rule 10b5-1 plan?

Yes. The filing states the CFO’s 8,040-share sale was executed pursuant to a Rule 10b5-1 trading plan. This pre-arranged plan was adopted by the reporting person on December 3, 2025, helping separate trading decisions from day-to-day corporate developments.

How many Bandwidth (BAND) shares does the CFO hold after the sale?

After selling 8,040 shares, the Bandwidth CFO directly holds 28,605 shares of Class A Common Stock. This post-transaction balance is reported in the Form 4 and reflects his remaining direct ownership following the disclosed open-market sale.

What type of transaction did the Bandwidth (BAND) Form 4 report?

The Form 4 reports an open-market sale of Bandwidth Class A Common Stock by the CFO. The transaction is coded as “S,” indicating a sale in the market or a private transaction, rather than an option exercise, gift, or tax-withholding event.