Bandwidth CEO sells 5,128 shares around $49
Bandwidth Inc. (BAND) reported insider transactions by Chairman & CEO David A. Morken.
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Form Type
4
Rhea-AI Filing Summary
Bandwidth Inc. (BAND) reported insider transactions by Chairman & CEO David A. Morken. On August 28, 2026, he exercised 11,830 Restricted Stock Units, receiving the same number of Class A shares at $0. On August 31, 2026, he sold 5,128 Class A shares in open-market transactions at weighted average prices around the high-$40s per share.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Morken David A.
Role
Chairman & CEO
Sold
5,128 shs ($252K)
Approx. gross sale proceeds
$252K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 3,000 | $48.8226 | $146K |
| Sale | Class A Common Stock F2 | 2,128 | $49.6021 | $106K |
| Exercise | Restricted Stock Units F3, F4 | 7,727 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F5 | 4,103 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,727 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 4,103 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 28,241 contracts (Direct);
Class A Common Stock — 6,702 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 92,725 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 49,234 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: 5,128 shares of Class A Common Stock
Sale price (weighted average): $48.8226 per share
Sale price (weighted average): $49.6021 per share
+5 more
8 metrics
Shares sold
5,128 shares of Class A Common Stock
Open-market sales on August 31, 2026
Sale price (weighted average)
$48.8226 per share
3,000 shares sold on August 31, 2026; prices ranged $48.29–$49.28
Sale price (weighted average)
$49.6021 per share
2,128 shares sold on August 31, 2026; prices ranged $49.33–$49.6351
RSUs exercised
7,727 Restricted Stock Units
Converted into Class A Common Stock on August 28, 2026 from 2023 grant
RSUs exercised
4,103 Restricted Stock Units
Converted into Class A Common Stock on August 28, 2026 from 2024 grant
RSU grant size
92,725 Restricted Stock Units
Granted November 28, 2023 with one-third vesting after one year, then eight equal quarterly installments beginning February 28, 2025
RSU grant size
49,234 Restricted Stock Units
Granted November 28, 2024 with one-third vesting after one year, then eight equal quarterly installments beginning February 28, 2026
Net shares (buy vs sell)
Net-sell 5,128 shares
Form 4 transaction summary across reported transactions
Key Terms
Restricted Stock Units, weighted average price, contingent right, quarterly installments
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
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.
contingent right financial
"represents a contingent right to receive one share of the Company's Class A"
quarterly installments financial
"the remaining shares vest in eight equal quarterly installments beginning"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BAND CEO David A. Morken report on this Form 4?
David A. Morken reported exercising 11,830 Restricted Stock Units into Class A Common Stock on August 28, 2026, and selling 5,128 Class A shares in open-market transactions on August 31, 2026, at weighted average prices in the high-$40s per share.
What Restricted Stock Units did the BAND CEO exercise in this filing?
He exercised 7,727 RSUs and 4,103 RSUs on August 28, 2026, each RSU converting into one share of Class A Common Stock. These RSUs came from grants originally made on November 28, 2023 and November 28, 2024 with time-based vesting schedules.
Were the RSU exercises by the BAND CEO cashless?
Yes. The RSU exercises show a transaction price per share of $0.0000 for 7,727 and 4,103 Restricted Stock Units, indicating the shares of Class A Common Stock were acquired upon vesting without an exercise price being paid per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
