Bandwidth (NASDAQ: BAND) CFO sells shares while exercising RSUs
Rhea-AI Filing Summary
Bandwidth Inc. Chief Financial Officer Daryl E. Raiford reported a mix of stock sales and equity vesting. He sold a total of 8,189 shares of Class A Common Stock in open-market transactions on May 29 and June 1, 2026 at weighted-average prices in the high-$50s to mid-$60s per share. In connection with his compensation, he also exercised and converted 22,503 Restricted Stock Units into an equal number of Class A shares at no exercise price on May 28 and May 30, 2026. After these transactions, Raiford directly holds 42,919 shares of Bandwidth Class A Common Stock. Footnotes describe prior RSU grants in 2023 and 2024, with one-third vesting on the first anniversary of grant and the remaining units vesting in equal quarterly installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Raiford Daryl E
Role
Chief Financial Officer
Sold
8,189 shs ($504K)
Approx. gross sale proceeds
$504K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,528 | $64.0402 | $226K |
| Sale | Class A Common Stock | 700 | $64.6932 | $45K |
| Exercise | Restricted Stock Units | 10,602 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 10,602 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 2,262 | $58.3693 | $132K |
| Sale | Class A Common Stock | 1,692 | $59.4771 | $101K |
| Sale | Class A Common Stock | 7 | $60.00 | $420.00 |
| Exercise | Restricted Stock Units | 5,731 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 6,170 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 5,731 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 6,170 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 48,481 shares (Direct);
Class A Common Stock — 42,919 shares (Direct)
Footnotes (8)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.88 to $58.88. 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.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.89 to $59.75. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.48 to $64.455. 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.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.69 to $64.70. 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.
- F5. Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F6. On November 28, 2023, the Reporting Person was granted 68,767 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.
- F7. On November 28, 2024, the Reporting Person was granted 74,040 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.
- F8. On May 30, 2023, the Reporting Person was granted 127,226 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vested in eight equal quarterly installments beginning on August 28, 2024.
Key Figures
Net shares sold: 8,189 shares
RSU conversions: 22,503 shares
Shares held after transactions: 42,919 shares
+5 more
8 metrics
Net shares sold
8,189 shares
Open-market sales from May 29 to June 1, 2026
RSU conversions
22,503 shares
Restricted Stock Units converted to Class A stock in late May 2026
Shares held after transactions
42,919 shares
Direct Class A Common Stock ownership following June 1, 2026 sale
Sale price example
$64.6932 per share
Open-market sale of 700 Class A shares on June 1, 2026
Additional sale price
$60.00 per share
Open-market sale of 7 Class A shares on May 29, 2026
2023 RSU grant
127,226 units
RSUs granted May 30, 2023 with one-third vesting after one year
2023 RSU grant (Nov)
68,767 units
RSUs granted November 28, 2023 with staged quarterly vesting
2024 RSU grant
74,040 units
RSUs granted November 28, 2024 with staged quarterly vesting
Key Terms
Restricted Stock Units, weighted average price, open-market sale, derivative security, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vested in eight equal quarterly installments financial
"the remaining shares vest in eight equal quarterly installments beginning on February 28, 2025."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Bandwidth (BAND) CFO Daryl Raiford report in this Form 4?
Daryl Raiford reported both stock sales and RSU conversions. He sold 8,189 shares of Bandwidth Class A Common Stock in open-market transactions and converted 22,503 Restricted Stock Units into shares, reflecting routine executive equity activity and updated direct ownership levels.
What RSU conversions did the Bandwidth (BAND) CFO complete?
Raiford converted 22,503 Restricted Stock Units into Class A shares. These RSUs, each representing a right to one share, were exercised at a $0.00 conversion price on May 28 and May 30, 2026, increasing his directly held common stock before subsequent sales.
What are the vesting terms of the Bandwidth (BAND) CFO’s recent RSU grants?
Raiford’s RSU grants vest one-third on the first anniversary, with the rest quarterly. Grants on May 30, 2023, and November 28, 2023 and 2024 each vest one-third after one year, then in eight equal quarterly installments beginning on specified future dates.
Are the Bandwidth (BAND) CFO’s reported stock sales single-price or multiple-price trades?
The reported sales are weighted-average prices across multiple trades. Footnotes explain that each disclosed price reflects many individual transactions within specified ranges, and detailed price-by-trade information is available from the company or the reporting person upon request.