Earnings Feed
Start Free
Bandwidth Inc.·4

Jun 1, 4:42 PM ET

Raiford Daryl E 4

Research Summary

AI-generated summary

Updated

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.