Bandwidth counsel sells 1,832 shares around $49
Bandwidth Inc. (BAND) reported insider equity activity by General Counsel Richard Brandon Asbill.
Rhea-AI Filing Summary
Bandwidth Inc. (BAND) reported insider equity activity by General Counsel Richard Brandon Asbill. On August 28, 2026, he exercised 6,382 Restricted Stock Units, receiving the same number of Class A Common shares at a stated price of $0.00 per share. These RSUs come from grants of 50,023 units (granted November 28, 2023) and 26,561 units (granted November 28, 2024) that vest over time in one-third annual tranches followed by eight equal quarterly installments.
On August 31, 2026, he sold 1,072 Class A shares at a weighted average price of $48.8226 (individual trades ranged from $48.29 to $49.28) and 760 Class A shares at a weighted average price of $49.6021 (trades ranged from $49.33 to $49.6351) in open-market or private transactions. The prices reported are weighted averages, and detailed per-trade pricing is available on request.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Asbill Richard Brandon
Role
General Counsel
Sold
1,832 shs ($90K)
Approx. gross sale proceeds
$90K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 1,072 | $48.8226 | $52K |
| Sale | Class A Common Stock F2 | 760 | $49.6021 | $38K |
| Exercise | Restricted Stock Units F3, F4 | 4,168 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F5 | 2,214 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 4,168 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,214 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 15,236 contracts (Direct);
Class A Common Stock — 7,550 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 $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 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 (first transaction): 1072 shares
Weighted average sale price (first transaction): $48.8226 per share
Shares sold (second transaction): 760 shares
+5 more
8 metrics
Shares sold (first transaction)
1072 shares
Class A Common Stock sold on August 31, 2026
Weighted average sale price (first transaction)
$48.8226 per share
Class A Common Stock sale on August 31, 2026; trades ranged $48.29–$49.28
Shares sold (second transaction)
760 shares
Class A Common Stock sold on August 31, 2026
Weighted average sale price (second transaction)
$49.6021 per share
Class A Common Stock sale on August 31, 2026; trades ranged $49.33–$49.6351
RSUs exercised (first block)
4168 Restricted Stock Units
Converted into 4,168 Class A Common shares on August 28, 2026
RSUs exercised (second block)
2214 Restricted Stock Units
Converted into 2,214 Class A Common shares on August 28, 2026
RSU grant size (2023 grant)
50023 Restricted Stock Units
Granted November 28, 2023 with staged vesting
RSU grant size (2024 grant)
26561 Restricted Stock Units
Granted November 28, 2024 with staged vesting
Key Terms
Restricted Stock Unit, weighted average price, contingent right, vesting, +1 more
5 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.
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.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
vesting financial
"one third of which vested on the first anniversary of the date of grant"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
quarterly installments financial
"the remaining shares vest in eight equal quarterly installments"
FAQ
What transactions did BAND insider Richard Brandon Asbill report on this Form 4?
He reported exercising 6,382 Restricted Stock Units into the same number of Class A shares on August 28, 2026, and selling a total of 1,832 Class A shares in open-market or private transactions on August 31, 2026.
What RSU exercises did the BAND General Counsel report?
He reported the exercise/conversion of 4,168 Restricted Stock Units and 2,214 Restricted Stock Units on August 28, 2026, each unit representing a right to receive one share of Bandwidth’s Class A Common Stock, resulting in issuance of the same number of shares.
What are the vesting terms of the BAND RSU grants mentioned in this Form 4?
A 50,023-unit RSU grant dated November 28, 2023 vests one third on the first anniversary, with remaining shares in eight equal quarterly installments starting February 28, 2025. A 26,561-unit grant dated November 28, 2024 follows the same pattern starting February 28, 2026.
Were the BAND insider sale prices exact or weighted averages?
The reported prices of $48.8226 and $49.6021 per share are weighted average prices. The shares were sold in multiple transactions within the disclosed price ranges, and full per-trade details are available from the company or the insider on request.
Does this BAND Form 4 indicate trades under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox for the filing is not checked, and the footnotes do not state that the transactions were made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
