Raiford Daryl E 4

What Happened
Daryl E. Raiford, Chief Financial Officer of Bandwidth Inc. (BAND), sold a total of 33,126 shares in two open-market transactions. On 2026-03-12 he sold 17,026 shares at a weighted average price of $15.47 for proceeds of $263,309; on 2026-03-13 he sold 16,100 shares at a weighted average price of $15.19 for proceeds of $244,524. Combined proceeds were about $507,833. These were sales (code S) — routine disposition of shares rather than purchases or option exercises.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-03-12: 17,026 shares @ $15.47 (proceeds $263,309). Footnote F1: actual sale prices ranged from $15.26 to $15.64; the filing reports a weighted average.
  • 2026-03-13: 16,100 shares @ $15.19 (proceeds $244,524). Footnote F2: actual sale prices ranged from $15.08 to $15.4550; the filing reports a weighted average.
• Total shares sold: 33,126; total reported proceeds: ~$507,833.
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.
• Filing timeliness: Form 4 was filed 2026-03-16. This filing date is within the standard two-business-day reporting window for these trades and is therefore timely.
• Footnotes: The reporting person offers to provide a breakdown of the number of shares sold at each specific price within the ranges in F1 and F2 upon request.

Context
These were open-market sales by the company’s CFO, not option exercises or gifts. Sales by insiders can be for many personal or tax reasons and are not, by themselves, a definitive signal about company prospects. Purchases by insiders generally carry more informational weight for retail investors than routine sales.