Bandwidth (BAND) General Counsel sells 29,214 Class A shares in open-market trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bandwidth Inc. General Counsel Richard Brandon Asbill reported selling Class A Common Stock in two open-market transactions. He sold a total of 29,214 shares on a single date, at weighted average prices of $71.27 and $72.59 per share, with individual trades occurring within the stated price ranges.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 29,214 shares ($2,104,376)
Net Sell
2 txns
Insider
Asbill Richard Brandon
Role
General Counsel
Sold
29,214 shs ($2.10M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12,330 | $71.2739 | $879K |
| Sale | Class A Common Stock | 16,884 | $72.5876 | $1.23M |
Holdings After Transaction:
Class A Common Stock — 19,884 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.00 to $71.99. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.04 to $72.99. 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
Total shares sold: 29,214 shares
Weighted average price (lot 1): $71.2739 per share
Weighted average price (lot 2): $72.5876 per share
+3 more
6 metrics
Total shares sold
29,214 shares
Aggregate open-market sales of Class A Common Stock
Weighted average price (lot 1)
$71.2739 per share
First sale of Class A Common Stock
Weighted average price (lot 2)
$72.5876 per share
Second sale of Class A Common Stock
Price range (lot 1)
$71.00–$71.99
Individual trade prices within first weighted average
Price range (lot 2)
$72.04–$72.99
Individual trade prices within second weighted average
Number of sale transactions
2 transactions
Non-derivative open-market sales reported
Key Terms
Class A Common Stock, open-market sale, weighted average price, non-derivative
4 terms
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.
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.
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.
non-derivative financial
"transaction_type: "non-derivative""
FAQ
What insider transaction did Bandwidth Inc. (BAND) disclose for Richard Brandon Asbill?
Bandwidth Inc. disclosed that General Counsel Richard Brandon Asbill sold 29,214 shares of Class A Common Stock in open-market transactions. The trades occurred on a single date and were reported on a Form 4 insider filing with detailed pricing information.
At what prices were the Bandwidth (BAND) insider sales executed?
The filing reports weighted average sale prices of $71.2739 and $72.5876 per share. Footnotes explain that actual trades were executed in multiple lots within ranges of $71.00–$71.99 and $72.04–$72.99, respectively, across the two transactions.
What type of security did the Bandwidth (BAND) insider sell?
The insider transactions involved Bandwidth’s Class A Common Stock. Both reported entries on the Form 4 are non-derivative securities, meaning they are direct share sales rather than option exercises or other derivative conversions.
Were the Bandwidth (BAND) insider sales open-market transactions?
Yes. Each transaction is coded “S” and described as an open-market or private sale. The Form 4 characterizes them as open-market sales of non-derivative Class A Common Stock, with detailed weighted average pricing and price ranges provided in the footnotes.
Does the Bandwidth (BAND) Form 4 mention options or other derivatives?
No derivative transactions are listed in this Form 4. The derivative summary is empty, and both reported entries relate only to non-derivative Class A Common Stock sales, without any associated option exercises or other derivative activity.