Bandwidth (BAND) general counsel sells 20,000 shares near $44

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 ($882,908)

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, null)

Footnotes (1)

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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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Asbill Richard Brandon

(Last) (First) (Middle)

C/O BANDWIDTH INC.

2230 BANDMATE WAY

(Street)

RALEIGH NORTH CAROLINA 27607

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/04/2026		S		20,000	D	$44.1454(1)	27,613	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

Remarks:

	/s/ Leah Webb, Attorney-in-Fact for R. Brandon Asbill	05/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

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.

How many Bandwidth (BAND) shares did the insider sell and at what price?

The insider sold 20,000 shares of Bandwidth Class A Common Stock at a weighted average price of $44.1454 per share. Individual trades took place between $44.00 and $44.785, reflecting multiple executions throughout the trading session.

How many Bandwidth (BAND) shares does the insider hold after the transaction?

Following the reported sale, General Counsel Richard Brandon Asbill directly holds 27,613 shares of Bandwidth Class A Common Stock. This post-transaction balance reflects the remaining stake after disposing of 20,000 shares in the May 4, 2026 open-market sale.

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.