Bandwidth CIO sells 1,616 shares after RSU vest
Bandwidth Inc. (BAND) reported insider equity activity by Chief Information Officer Ross Kade involving both RSU vesting and open-market sales.
Rhea-AI Filing Summary
Bandwidth Inc. (BAND) reported insider equity activity by Chief Information Officer Ross Kade involving both RSU vesting and open-market sales. On August 28, 2026, Kade exercised 5,691 Restricted Stock Units, each converting into one share of Class A Common Stock at a stated price of $0.00 per share. These RSUs relate to prior grants of 5,353, 40,697, and 22,238 units with multi-year quarterly vesting schedules. On August 31, 2026, he sold a total of 1,616 Class A shares in open-market or private transactions at weighted average prices of $48.8226 and $49.6021 per share, over price ranges of $48.29–$49.28 and $49.33–$49.6351, respectively. Remaining share holdings after these transactions are not stated.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
Ross Kade
Role
Chief Information Officer
Sold
1,616 shs ($79K)
Approx. gross sale proceeds
$79K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 945 | $48.8226 | $46K |
| Sale | Class A Common Stock F2 | 671 | $49.6021 | $33K |
| Exercise | Restricted Stock Units F3, F4 | 446 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F5 | 3,392 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F6 | 1,853 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 446 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,392 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,853 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 12,657 contracts (Direct);
Class A Common Stock — 48,071 shares (Direct)
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.29 to $49.28. 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 $49.33 to $49.6351. 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 August 28, 2023, the Reporting Person was granted 5,353 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vest in eight quarterly installments beginning on November 28, 2024.
- F5. On November 28, 2023, the Reporting Person was granted 40,697 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.
- F6. On November 28, 2024, the Reporting Person was granted 22,238 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 (August 31, 2026): 1,616 shares of Class A Common Stock
Weighted average sale price (block 1): $48.8226 per share
Weighted average sale price (block 2): $49.6021 per share
+4 more
7 metrics
Shares sold (August 31, 2026)
1,616 shares of Class A Common Stock
Total of two sale transactions reported on 2026-08-31
Weighted average sale price (block 1)
$48.8226 per share
Sale of 945 shares, prices ranged from $48.29 to $49.28
Weighted average sale price (block 2)
$49.6021 per share
Sale of 671 shares, prices ranged from $49.33 to $49.6351
RSUs exercised
5,691 Restricted Stock Units
Converted into Class A Common Stock on 2026-08-28
RSU grant size (2023-08-28)
5,353 Restricted Stock Units
One-third vested after one year; remainder in eight quarterly installments from 2024-11-28
RSU grant size (2023-11-28)
40,697 Restricted Stock Units
One-third vested after one year; remainder in eight equal quarterly installments from 2025-02-28
RSU grant size (2024-11-28)
22,238 Restricted Stock Units
One-third vested after one year; remainder in eight equal quarterly installments from 2026-02-28
Key Terms
Restricted Stock Unit, Class A Common Stock, weighted average price, vest
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
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.
Class A Common Stock financial
"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.
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.
vest financial
"one third of which vested on the first anniversary of the date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transactions did BAND Chief Information Officer Ross Kade report?
Ross Kade reported 5,691 RSUs converting into Class A Common Stock on August 28, 2026, and subsequent sales of 1,616 Class A shares on August 31, 2026, in open-market or private transactions at weighted average prices of $48.8226 and $49.6021 per share.
What RSU exercises did BAND’s Ross Kade report on August 28, 2026?
On August 28, 2026, Ross Kade reported exercises of 5,691 Restricted Stock Units, each converting into one share of Bandwidth Inc. Class A Common Stock at a stated price of $0.00 per share, resulting from three prior RSU grants with scheduled vesting.
What prior RSU grants to BAND executive Ross Kade are referenced in this filing?
The filing references RSU grants to Ross Kade of 5,353 units on August 28, 2023, 40,697 units on November 28, 2023, and 22,238 units on November 28, 2024, each vesting one-third after one year with the remainder vesting in eight quarterly installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
