Bandwidth (BAND) CFO sells 22,957 shares under Rule 10b5-1 plan

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Bandwidth Inc. Chief Financial Officer Raiford Daryl E reported planned insider sales of company stock. He sold a total of 22,957 shares of Bandwidth Class A Common Stock in open-market transactions on March 4–5, 2026, under a Rule 10b5-1 trading plan adopted on December 3, 2025.

The reported weighted average sale prices ranged from about $15.36 to $16.60 per share across multiple trades. After these transactions, he continued to hold 106,446 shares of Bandwidth Class A Common Stock directly.

Insider Trade Summary

Net Seller: 22,957 shares ($365,085)

Net Sell 4 txns

Insider Raiford Daryl E

Role Chief Financial Officer

Sold 22,957 shs ($365K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	5,100	$16.1797	$83K
Sale	Class A Common Stock	9,701	$15.7026	$152K
Sale	Class A Common Stock	2,356	$16.4858	$39K
Sale	Class A Common Stock	5,800	$15.7582	$91K

Holdings After Transaction: Class A Common Stock — 106,446 shares (Direct)

Footnotes (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 $15.36 to $16.35. 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 $16.36 to $16.58. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.61 to $16.60. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.12 to $16.24. 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.

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Form 4 Insider Transactions: What Each Field Means →

03/06/2026 - 04:08 PM

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).

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

27607

(City)

(State)

(Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/04/2026		S⁽¹⁾		9,701	D	$15.7026⁽²⁾	119,702	D
Class A Common Stock	03/04/2026		S⁽¹⁾		2,356	D	$16.4858⁽³⁾	117,346	D
Class A Common Stock	03/04/2026		S		5,800	D	$15.7582⁽⁴⁾	111,546	D
Class A Common Stock	03/05/2026		S		5,100	D	$16.1797⁽⁵⁾	106,446	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $15.36 to $16.35. 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.36 to $16.58. 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.61 to $16.60. 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.12 to $16.24. 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.

Remarks:

	/s/ Leah Webb, Attorney-in-Fact for Daryl E. Raiford	03/06/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider stock transactions did Bandwidth (BAND) report for its CFO?

Bandwidth reported that CFO Raiford Daryl E sold 22,957 shares of Class A Common Stock in open-market transactions on March 4–5, 2026, under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025.

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

The CFO’s Bandwidth share sales used weighted average prices per trade. Reported averages include $15.7026, $15.7582, $16.1797, and $16.4858 per share, with underlying individual trades occurring within stated ranges between $15.36 and $16.60.

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

After completing the disclosed transactions, Bandwidth’s CFO directly holds 106,446 shares of the company’s Class A Common Stock. This figure reflects his remaining ownership following the aggregate sale of 22,957 shares reported for March 4–5, 2026.

Were the Bandwidth (BAND) CFO’s stock sales pre-planned?

Yes. The filing states that the 22,957 Bandwidth shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2025, indicating the transactions were pre-arranged under that plan.

What type of transactions did the Bandwidth (BAND) Form 4 disclose?

The Form 4 discloses open-market sales of Bandwidth Class A Common Stock by the CFO. All four transactions are coded “S” for sale and are classified as non-derivative, meaning they involve direct stock, not options or other derivative securities.

How many individual sale transactions did the Bandwidth (BAND) CFO report?

The CFO reported four sale transactions in Bandwidth Class A Common Stock. These consisted of 9,701 shares, 2,356 shares, 5,800 shares, and 5,100 shares, all executed as open-market sales on March 4 and March 5, 2026.