[Form 4] Bandwidth Inc. Insider Trading Activity
Bandwidth Inc. Chief Operating Officer Devesh Agarwal had 7,370 Restricted Stock Units vest on 08/08/2025, each representing a right to one share of Class A common stock. Those vested RSUs were converted into shares and, under a preexisting Rule 10b5-1 instruction adopted on 03/03/2023, 2,132 shares were sold on 08/11/2025 to cover tax obligations at a weighted average price of $13.3007 (individual sale prices ranged from $13.21 to $13.39).
Following these transactions the reporting person beneficially owned 62,927 shares of Class A common stock. The underlying RSU grant dated 08/08/2022 comprised 29,481 units that vest in four equal annual installments beginning on 08/08/2023. The filings were executed by an attorney-in-fact and are limited to tax-withholding and vesting-related activity disclosed on the Form 4.
Il Chief Operating Officer di Bandwidth Inc., Devesh Agarwal, ha visto maturare 7,370 Restricted Stock Units il 08/08/2025, ciascuna rappresentante il diritto a una azione ordinaria di Classe A. Le RSU maturate sono state convertite in azioni e, in base a una istruzione preesistente ai sensi della Rule 10b5-1 adottata il 03/03/2023, sono state vendute 2,132 azioni il 08/11/2025 per far fronte agli obblighi fiscali, al prezzo medio ponderato di $13.3007 (i prezzi delle singole vendite variavano da $13.21 a $13.39).
A seguito di queste operazioni, la persona segnalante deteneva beneficiariamente 62,927 azioni di Classe A. La concessione di RSU sottostante, datata 08/08/2022, comprendeva 29,481 unità che maturano in quattro rate annuali uguali a partire dal 08/08/2023. Le comunicazioni sono state eseguite da un procuratore e si limitano ad attività relative alla ritenuta fiscale e alla maturazione riportate nel Modulo 4.
El Chief Operating Officer de Bandwidth Inc., Devesh Agarwal, tuvo 7,370 Restricted Stock Units que vencieron el 08/08/2025, cada una representando el derecho a una acción ordinaria Clase A. Esas RSU vencidas se convirtieron en acciones y, conforme a una instrucción preexistente según la Rule 10b5-1 adoptada el 03/03/2023, se vendieron 2,132 acciones el 08/11/2025 para cubrir obligaciones fiscales, a un precio medio ponderado de $13.3007 (los precios individuales oscilaron entre $13.21 y $13.39).
Tras estas transacciones la persona informante poseía de forma beneficiaria 62,927 acciones Clase A. La concesión de RSU subyacente, fechada el 08/08/2022, comprendía 29,481 unidades que vencen en cuatro cuotas anuales iguales a partir del 08/08/2023. Las presentaciones fueron ejecutadas por un apoderado y se limitan a la retención fiscal y a la actividad relacionada con la maduración divulgadas en el Formulario 4.
Bandwidth Inc.의 최고운영책임자(Chief Operating Officer) Devesh Agarwal는 08/08/2025에 7,370개의 제한주식단위(Restricted Stock Units)가 귀속되었으며, 각 단위는 클래스 A 보통주 1주에 대한 권리를 나타냅니다. 귀속된 RSU는 주식으로 전환되었고, 03/03/2023에 채택된 사전 마련된 Rule 10b5-1 지침에 따라 세금 납부를 위해 08/11/2025에 2,132주가 매각되었으며 가중평균 가격은 $13.3007이었습니다(개별 매도 가격은 $13.21~$13.39 범위였습니다).
이 거래 이후 보고인은 클래스 A 보통주 62,927주를 실질적으로 보유하고 있었습니다. 근거가 된 RSU 부여는 08/08/2022자이며, 29,481단위가 포함되어 08/08/2023부터 매년 동일한 비율로 4회에 걸쳐 베스팅됩니다. 제출 서류는 대리인에 의해 집행되었으며, Form 4에 공개된 세금 원천징수 및 베스팅 관련 활동에 한정됩니다.
Le Chief Operating Officer de Bandwidth Inc., Devesh Agarwal, a vu 7,370 Restricted Stock Units arriver à échéance le 08/08/2025, chacune donnant droit à une action ordinaire de classe A. Ces RSU acquises ont été converties en actions et, conformément à une instruction préexistante au titre de la Rule 10b5-1 adoptée le 03/03/2023, 2,132 actions ont été vendues le 08/11/2025 pour couvrir des obligations fiscales, au prix moyen pondéré de $13.3007 (les prix individuels variaient de $13.21 à $13.39).
À la suite de ces opérations, la personne déclarante détenait de manière bénéficiaire 62,927 actions de classe A. La subvention de RSU sous-jacente datée du 08/08/2022 comprenait 29,481 unités qui se vestent en quatre versements annuels égaux à partir du 08/08/2023. Les déclarations ont été exécutées par un mandataire et se limitent aux opérations liées à la retenue fiscale et au vesting divulguées dans le Formulaire 4.
Bandwidth Inc.-Chief Operating Officer Devesh Agarwal hatte am 08/08/2025 7,370 Restricted Stock Units, wobei jede Einheit das Recht auf eine Aktie der Klasse A darstellte. Die ausgefallenen RSUs wurden in Aktien umgewandelt und gemäß einer vorbestehenden Rule 10b5-1-Anweisung vom 03/03/2023 wurden am 08/11/2025 2,132 Aktien zum Zwecke der Steuerbegleichung verkauft; der gewichtete Durchschnittspreis betrug $13.3007 (einzelne Verkaufspreise lagen zwischen $13.21 und $13.39).
Nach diesen Transaktionen hielt die meldepflichtige Person wirtschaftlich 62,927 Aktien der Klasse A. Der zugrunde liegende RSU-Zuschuss vom 08/08/2022 umfasste 29,481 Einheiten, die in vier gleichen jährlichen Tranchen ab dem 08/08/2023 vesten. Die Meldungen wurden von einem Bevollmächtigten ausgeführt und beschränken sich auf die in Formular 4 offengelegten steuerlichen Einbehaltungs- und Vesting-Aktivitäten.
- 7,370 RSUs vested, aligning the COO's compensation with shareholder equity through additional Class A shares.
- Share sale was executed under a documented Rule 10b5-1 instruction adopted on 03/03/2023, indicating preplanned, compliant handling of tax withholding.
- Reporting person sold 2,132 shares on 08/11/2025, reducing beneficial ownership to 62,927 shares.
- Sale proceeds were at a weighted average price of $13.3007 (range $13.21–$13.39), indicating realized dispositions at modest price levels.
Insights
TL;DR: Routine vesting with a small sell-to-cover; no material change to insider stake reported.
The Form 4 shows that 7,370 RSUs vested for COO Devesh Agarwal on 08/08/2025, and 2,132 shares were sold three days later at a weighted average of $13.3007 to cover taxes under a Rule 10b5-1 plan. Beneficial ownership moved to 62,927 shares after the transactions. For most investors this is a routine administrative transaction tied to compensation rather than a discretionary disposition signaling a change in conviction.
TL;DR: Use of a documented 10b5-1 plan and attorney-in-fact signature reflects procedural compliance.
The filing documents a pre-established Rule 10b5-1 instruction adopted on 03/03/2023 specifically for tax obligations arising from equity awards. The sale to satisfy withholding was implemented pursuant to that plan and the Form 4 was signed by an attorney-in-fact, which is consistent with standard governance and insider trading controls. The activity aligns with compensation administration rather than active trading by the reporting person.
Il Chief Operating Officer di Bandwidth Inc., Devesh Agarwal, ha visto maturare 7,370 Restricted Stock Units il 08/08/2025, ciascuna rappresentante il diritto a una azione ordinaria di Classe A. Le RSU maturate sono state convertite in azioni e, in base a una istruzione preesistente ai sensi della Rule 10b5-1 adottata il 03/03/2023, sono state vendute 2,132 azioni il 08/11/2025 per far fronte agli obblighi fiscali, al prezzo medio ponderato di $13.3007 (i prezzi delle singole vendite variavano da $13.21 a $13.39).
A seguito di queste operazioni, la persona segnalante deteneva beneficiariamente 62,927 azioni di Classe A. La concessione di RSU sottostante, datata 08/08/2022, comprendeva 29,481 unità che maturano in quattro rate annuali uguali a partire dal 08/08/2023. Le comunicazioni sono state eseguite da un procuratore e si limitano ad attività relative alla ritenuta fiscale e alla maturazione riportate nel Modulo 4.
El Chief Operating Officer de Bandwidth Inc., Devesh Agarwal, tuvo 7,370 Restricted Stock Units que vencieron el 08/08/2025, cada una representando el derecho a una acción ordinaria Clase A. Esas RSU vencidas se convirtieron en acciones y, conforme a una instrucción preexistente según la Rule 10b5-1 adoptada el 03/03/2023, se vendieron 2,132 acciones el 08/11/2025 para cubrir obligaciones fiscales, a un precio medio ponderado de $13.3007 (los precios individuales oscilaron entre $13.21 y $13.39).
Tras estas transacciones la persona informante poseía de forma beneficiaria 62,927 acciones Clase A. La concesión de RSU subyacente, fechada el 08/08/2022, comprendía 29,481 unidades que vencen en cuatro cuotas anuales iguales a partir del 08/08/2023. Las presentaciones fueron ejecutadas por un apoderado y se limitan a la retención fiscal y a la actividad relacionada con la maduración divulgadas en el Formulario 4.
Bandwidth Inc.의 최고운영책임자(Chief Operating Officer) Devesh Agarwal는 08/08/2025에 7,370개의 제한주식단위(Restricted Stock Units)가 귀속되었으며, 각 단위는 클래스 A 보통주 1주에 대한 권리를 나타냅니다. 귀속된 RSU는 주식으로 전환되었고, 03/03/2023에 채택된 사전 마련된 Rule 10b5-1 지침에 따라 세금 납부를 위해 08/11/2025에 2,132주가 매각되었으며 가중평균 가격은 $13.3007이었습니다(개별 매도 가격은 $13.21~$13.39 범위였습니다).
이 거래 이후 보고인은 클래스 A 보통주 62,927주를 실질적으로 보유하고 있었습니다. 근거가 된 RSU 부여는 08/08/2022자이며, 29,481단위가 포함되어 08/08/2023부터 매년 동일한 비율로 4회에 걸쳐 베스팅됩니다. 제출 서류는 대리인에 의해 집행되었으며, Form 4에 공개된 세금 원천징수 및 베스팅 관련 활동에 한정됩니다.
Le Chief Operating Officer de Bandwidth Inc., Devesh Agarwal, a vu 7,370 Restricted Stock Units arriver à échéance le 08/08/2025, chacune donnant droit à une action ordinaire de classe A. Ces RSU acquises ont été converties en actions et, conformément à une instruction préexistante au titre de la Rule 10b5-1 adoptée le 03/03/2023, 2,132 actions ont été vendues le 08/11/2025 pour couvrir des obligations fiscales, au prix moyen pondéré de $13.3007 (les prix individuels variaient de $13.21 à $13.39).
À la suite de ces opérations, la personne déclarante détenait de manière bénéficiaire 62,927 actions de classe A. La subvention de RSU sous-jacente datée du 08/08/2022 comprenait 29,481 unités qui se vestent en quatre versements annuels égaux à partir du 08/08/2023. Les déclarations ont été exécutées par un mandataire et se limitent aux opérations liées à la retenue fiscale et au vesting divulguées dans le Formulaire 4.
Bandwidth Inc.-Chief Operating Officer Devesh Agarwal hatte am 08/08/2025 7,370 Restricted Stock Units, wobei jede Einheit das Recht auf eine Aktie der Klasse A darstellte. Die ausgefallenen RSUs wurden in Aktien umgewandelt und gemäß einer vorbestehenden Rule 10b5-1-Anweisung vom 03/03/2023 wurden am 08/11/2025 2,132 Aktien zum Zwecke der Steuerbegleichung verkauft; der gewichtete Durchschnittspreis betrug $13.3007 (einzelne Verkaufspreise lagen zwischen $13.21 und $13.39).
Nach diesen Transaktionen hielt die meldepflichtige Person wirtschaftlich 62,927 Aktien der Klasse A. Der zugrunde liegende RSU-Zuschuss vom 08/08/2022 umfasste 29,481 Einheiten, die in vier gleichen jährlichen Tranchen ab dem 08/08/2023 vesten. Die Meldungen wurden von einem Bevollmächtigten ausgeführt und beschränken sich auf die in Formular 4 offengelegten steuerlichen Einbehaltungs- und Vesting-Aktivitäten.
FAQ
What insider activity did Bandwidth (BAND) disclose on the Form 4?
Why were shares sold after the RSU vesting for BAND?
How many Bandwidth shares does the reporting person own after the transactions?
What was the sale price for the BAND shares sold to cover taxes?
When was the underlying RSU grant made and what are its vesting terms?
