Bandwidth GC sells 20,000 shares in open market
Bandwidth Inc. reported an insider transaction by its General Counsel, Richard Brandon Asbill.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Bandwidth Inc. reported an insider transaction by its General Counsel, Richard Brandon Asbill. He completed an open-market sale of 20,000 shares of Class A Common Stock on May 4, 2026 at a weighted average price of $44.1454 per share. According to the filing, the shares were sold in multiple trades at prices ranging from $44.00 to $44.785. After these sales, Asbill directly holds 27,613 shares of Bandwidth’s Class A Common Stock.
Insider Trade Summary
Net Seller: 20,000 shares
Net Sell
1 txn
Insider
Asbill Richard Brandon
Role
General Counsel
Sold
20,000 shs ($883K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 20,000 | $44.1454 | $883K |
Holdings After Transaction:
Class A Common Stock — 27,613 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.00 to $44.785. 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.
Key Figures
Shares sold: 20,000 shares
Weighted average sale price: $44.1454 per share
Price range of trades: $44.00–$44.785
+1 more
4 metrics
Shares sold
20,000 shares
Open-market sale on May 4, 2026
Weighted average sale price
$44.1454 per share
Class A Common Stock sale
Price range of trades
$44.00–$44.785
Multiple executions within the reported sale
Shares held after transaction
27,613 shares
Direct Class A Common Stock holdings post-sale
Key Terms
Class A Common Stock, open-market sale, weighted average price, Form 4
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.
Form 4 regulatory
"This insider trading activity was disclosed in a Form 4 filing."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Bandwidth (BAND) report in this Form 4?
Bandwidth reported that its General Counsel, Richard Brandon Asbill, sold 20,000 shares of Class A Common Stock in an open-market transaction. The sale occurred on May 4, 2026, and was disclosed as a routine Form 4 insider trading report.
Was the Bandwidth (BAND) insider sale a single trade or multiple trades?
The sale was executed in multiple trades rather than a single transaction. The filing notes a weighted average price of $44.1454 and specifies that individual trade prices ranged from $44.00 to $44.785 across the reported executions.
What role does the reporting person hold at Bandwidth (BAND)?
The reporting person, Richard Brandon Asbill, serves as Bandwidth’s General Counsel. His Form 4 filing discloses personal trading activity in the company’s Class A Common Stock, as required for officers under SEC insider reporting rules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
