Raiford Daryl E 4
4 · Bandwidth Inc. · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
Bandwidth (BAND) CFO Daryl Raiford Sells Shares
What Happened
Daryl E. Raiford, CFO of Bandwidth Inc. (BAND), had 22,503 restricted stock units/derivatives convert to common shares (reported as exercise/conversion, $0.00 cost) on May 28 and May 30, 2026. He then sold a total of 8,189 shares in open‑market transactions between May 29 and June 1, 2026, for aggregate proceeds of approximately $504,305.
Key Details
- Transactions:
- Conversions (M, acquired at $0.00): 5,731 shares (2026-05-28), 6,170 shares (2026-05-28), 10,602 shares (2026-05-30) — total 22,503 shares converted.
- Open‑market sales (S): 2,262 shares @ $58.37 (5/29) = $132,031; 1,692 shares @ $59.48 (5/29) = $100,635; 7 shares @ $60.00 (5/29) = $420; 3,528 shares @ $64.04 (6/1) = $225,934; 700 shares @ $64.69 (6/1) = $45,285. Total proceeds ≈ $504,305.
- Weighted‑average prices cover ranges per footnotes: $57.88–$58.88, $58.89–$59.75, $63.48–$64.455, and $64.69–$64.70 for the respective blocks; the filing offers to provide per‑trade detail on request.
- Net effect: +22,503 shares converted and -8,189 shares sold → net increase of 14,314 shares held (the filer’s total post‑transaction holdings are not shown in the provided data).
- Footnotes explain these were Restricted Stock Units (RSUs) (each RSU = 1 share) and list grant/vesting schedules for prior RSU awards (grants dated 5/30/2023, 11/28/2023, and 11/28/2024).
- Filing date: Form 4 filed 2026-06-01 reporting transactions through 2026-06-01. (No explicit late‑filing indication is included in the provided data.)
Context
- The "M" entries reflect conversion/vesting of derivative awards (RSUs) into common stock at no cash exercise price; some or all of the resulting shares were sold in the open market shortly thereafter. This pattern is commonly used to cover taxes or to monetize vested awards and does not, by itself, indicate the insider’s broader view of the company.
- Sales (code S) are noted here; purchases (bullish buys) typically carry more signal value for investors. As always, these are factual reports of transactions—not statements of intent or opinion by the insider.
Insider Transaction Report
Form 4
Bandwidth Inc.BAND
Raiford Daryl E
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2026-05-28+5,731→ 34,336 total - Exercise/Conversion
Class A Common Stock
2026-05-28+6,170→ 40,506 total - Sale
Class A Common Stock
[F1]2026-05-29$58.37/sh−2,262$132,031→ 38,244 total - Sale
Class A Common Stock
[F2]2026-05-29$59.48/sh−1,692$100,635→ 36,552 total - Sale
Class A Common Stock
2026-05-29$60.00/sh−7$420→ 36,545 total - Exercise/Conversion
Class A Common Stock
2026-05-30+10,602→ 47,147 total - Sale
Class A Common Stock
[F3]2026-06-01$64.04/sh−3,528$225,934→ 43,619 total - Sale
Class A Common Stock
[F4]2026-06-01$64.69/sh−700$45,285→ 42,919 total - Exercise/Conversion
Restricted Stock Units
[F5][F6]2026-05-28−5,731→ 11,461 total→ Class A Common Stock (5,731 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F7]2026-05-28−6,170→ 37,020 total→ Class A Common Stock (6,170 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F8]2026-05-30−10,602→ 0 total→ Class A Common Stock (10,602 underlying)
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.
Signature
/s/ Leah Webb, Attorney-in-Fact for Daryl E. Raiford|2026-06-01