Bandwidth Inc. (BAND) CIO sells 10,000 shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bandwidth Inc. Chief Information Officer Ross Kade sold a total of 10,000 shares of Class A Common Stock in open-market transactions on April 30, 2026. The sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on November 24, 2025, at weighted average prices including $33.4610, $32.5429 and $31.0000 per share. Following these transactions, Kade directly holds 63,894 shares of Bandwidth Inc. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares ($315,852)
Net Sell
3 txns
Insider
Ross Kade
Role
Chief Information Officer
Sold
10,000 shs ($316K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 7,100 | $31.00 | $220K |
| Sale | Class A Common Stock | 1,400 | $32.5429 | $46K |
| Sale | Class A Common Stock | 1,500 | $33.461 | $50K |
Holdings After Transaction:
Class A Common Stock — 66,794 shares (Direct, null)
Footnotes (1)
- Reflects shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on November 24, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.34 to $32.88. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.45 to $33.58. 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.
Key Figures
Total shares sold: 10,000 shares
Shares held after transactions: 63,894 shares
Sale price lot 1: $33.4610 per share
+5 more
8 metrics
Total shares sold
10,000 shares
Open-market sales on April 30, 2026
Shares held after transactions
63,894 shares
Direct ownership following April 30, 2026 sales
Sale price lot 1
$33.4610 per share
Weighted average price for 1,500-share sale
Sale price lot 2
$32.5429 per share
Weighted average price for 1,400-share sale
Sale price lot 3
$31.0000 per share
Price for 7,100-share sale
10b5-1 plan adoption date
November 24, 2025
Date Ross Kade adopted trading plan
Price range footnote F2
$32.34–$32.88
Range for trades in one sale block
Price range footnote F3
$33.45–$33.58
Range for trades in another sale block
Key Terms
Rule 10b5-1 plan, open-market sale, Class A Common Stock, weighted average price, +1 more
5 terms
Rule 10b5-1 plan regulatory
"Reflects shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
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
"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.
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
"INSIDER FILING DATA (Form 4):"
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
What insider transaction did Bandwidth Inc. (BAND) report for Ross Kade?
Bandwidth Inc. reported that Chief Information Officer Ross Kade sold 10,000 shares of Class A Common Stock in open-market transactions on April 30, 2026. These transactions are disclosed as routine insider sales under a pre-arranged Rule 10b5-1 trading plan.
What role does Ross Kade hold at Bandwidth Inc. (BAND)?
Ross Kade serves as Chief Information Officer at Bandwidth Inc. This officer role is noted in the insider report, which records his direct ownership and the open-market sales of Class A Common Stock executed on April 30, 2026.