Bandwidth (NASDAQ: BAND) insider sells shares after RSU vesting
Rhea-AI Filing Summary
Bandwidth Inc.'s General Counsel Richard Brandon Asbill reported an exercise-and-sell transaction in company equity. On May 28, 2026, he exercised stock‑based awards covering 6,382 Restricted Stock Units, receiving the same number of Class A Common Stock shares.
On May 29, 2026, he sold 1,781 Class A shares in open‑market transactions at weighted average prices around $58–$60 per share, with specific trade ranges disclosed in the footnotes. Following these transactions, he directly holds 32,214 Class A shares. The filing also shows he continues to hold 13,281 Restricted Stock Units from one grant and 8,337 Restricted Stock Units from another, which vest over time according to their previously disclosed schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Asbill Richard Brandon
Role
General Counsel
Sold
1,781 shs ($105K)
Approx. gross sale proceeds
$105K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,017 | $58.3693 | $59K |
| Sale | Class A Common Stock | 761 | $59.4771 | $45K |
| Sale | Class A Common Stock | 3 | $60.00 | $180.00 |
| Exercise | Restricted Stock Units | 4,169 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,213 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 4,169 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,213 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 21,618 shares (Direct);
Class A Common Stock — 32,214 shares (Direct)
Footnotes (5)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.88 to $58.88. 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.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.89 to $59.75. 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.
- F3. Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F4. On November 28, 2023, the Reporting Person was granted 50,023 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vest in eight equal quarterly installments beginning on February 28, 2025.
- F5. On November 28, 2024, the Reporting Person was granted 26,561 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vest in eight equal quarterly installments beginning on February 28, 2026.
Key Figures
Shares sold: 1,781 shares
Sale prices: $60.0000, $59.4771, $58.3693 per share
Shares after transactions: 32,214 shares
+3 more
6 metrics
Shares sold
1,781 shares
Open-market sales on May 29, 2026
Sale prices
$60.0000, $59.4771, $58.3693 per share
Weighted average prices for three sale tranches
Shares after transactions
32,214 shares
Direct Class A Common holdings following transactions
RSUs exercised
6,382 units
2,213 and 4,169 Restricted Stock Units converted on May 28, 2026
Remaining RSUs (grant 2023)
13,281 units
Restricted Stock Units remaining after partial vesting of November 28, 2023 grant
Remaining RSUs (grant 2024)
8,337 units
Restricted Stock Units remaining after partial vesting of November 28, 2024 grant
Key Terms
Restricted Stock Unit, weighted average price, derivative security, open-market sale, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions..."
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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
"Each Restricted Stock Unit represents a contingent right to receive one share of the Company's 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Bandwidth (BAND) report for its General Counsel?
Bandwidth’s General Counsel Richard Brandon Asbill exercised 6,382 Restricted Stock Units into Class A shares, then sold 1,781 shares in open‑market trades. These trades occurred on May 28–29, 2026, and are detailed across several price ranges.
What equity awards did the Bandwidth (BAND) insider exercise in this filing?
The filing shows exercises of 2,213 and 4,169 Restricted Stock Units, totaling 6,382 units, each converting into one Class A share. These units stem from prior grants that vest over time according to the award schedules disclosed in earlier grant descriptions.
Does the Bandwidth (BAND) Form 4 describe the insider’s remaining Restricted Stock Units?
Yes. After exercising a portion, the General Counsel still holds 13,281 Restricted Stock Units from one grant and 8,337 from another. Footnotes explain each RSU represents a contingent right to receive one share of Class A Common Stock upon vesting.