Bandwidth (NASDAQ: BAND) COO exercises RSUs and sells a small block of shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bandwidth Inc. Chief Operating Officer Devesh Agarwal reported a combination of equity award vesting and small open-market sales of Class A Common Stock. On May 28, 2026, he exercised Restricted Stock Units (RSUs) covering 11,231 shares of Class A stock at a conversion price of $0.00 per share, increasing his direct share holdings.
On May 29, 2026, he then sold a total of 4,066 shares in open-market transactions at weighted average prices of about $58–$60 per share, including 1,737 shares at a weighted average price of $59.4771. After these transactions, he directly owned 68,579 shares of Class A Common Stock. Footnotes explain that reported sale prices are weighted averages over multiple trades and detail prior RSU grant and vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,066 shares ($239,265)
Net Sell
9 txns
Insider
Agarwal Devesh
Role
Chief Operating Officer
Sold
4,066 shs ($239K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,322 | $58.3693 | $136K |
| Sale | Class A Common Stock | 1,737 | $59.4771 | $103K |
| Sale | Class A Common Stock | 7 | $60.00 | $420.00 |
| Exercise | Restricted Stock Units | 3,928 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,085 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,218 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,928 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,085 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,218 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 70,323 shares (Direct, null);
Restricted Stock Units — 7,854 shares (Direct, null)
Footnotes (1)
- 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. 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. Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock. On November 28, 2023, the Reporting Person was granted 47,127 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. On November 28, 2024, the Reporting Person was granted 25,023 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. On February 28, 2025, the Reporting Person was granted 62,617 Restricted Stock Units, one third of which will vest on the first anniversary of the date of grant and the remaining shares will vest in eight equal quarterly installments beginning on May 28, 2026.
Key Figures
Shares sold: 4,066 shares
Shares exercised from RSUs: 11,231 shares
Sale price (block): $60.0000 per share
+5 more
8 metrics
Shares sold
4,066 shares
Total Class A shares sold on May 29, 2026
Shares exercised from RSUs
11,231 shares
Class A shares acquired via RSU exercise on May 28, 2026
Sale price (block)
$60.0000 per share
Price for 7 Class A shares sold May 29, 2026
Weighted avg sale price
$59.4771 per share
Weighted average price for 1,737 shares sold May 29, 2026
Weighted avg sale price
$58.3693 per share
Weighted average price for 2,322 shares sold May 29, 2026
Shares owned after transactions
68,579 shares
Direct Class A Common Stock holdings following May 29, 2026 sales
RSU grant
47,127 RSUs
Grant dated November 28, 2023 with staged vesting
RSU grant
62,617 RSUs
Grant dated February 28, 2025 with staged vesting
Key Terms
Restricted Stock Units, weighted average price, Class A Common Stock, derivative exercise/conversion, +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. These shares were sold in multiple transactions..."
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.
Class A Common Stock financial
"Each Restricted Stock Unit represents a contingent right to receive one share of the Company's 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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
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.
FAQ
What insider transactions did BAND COO Devesh Agarwal report?
He reported RSU exercises and small stock sales. On May 28, 2026 he exercised Restricted Stock Units into 11,231 Class A shares, then on May 29, 2026 sold 4,066 shares in open-market transactions at weighted average prices around $58–$60 per share.
What RSU grants and vesting schedules are disclosed for the BAND COO?
Footnotes describe RSU grants on November 28, 2023 (47,127 units), November 28, 2024 (25,023 units), and February 28, 2025 (62,617 units). Each grant vests one-third on the first anniversary, with remaining units vesting in eight equal quarterly installments beginning on specified future dates.