Raiford Daryl E 4
4 · Bandwidth Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Bandwidth (BAND) CFO Daryl Raiford Sells Shares
What Happened
Daryl E. Raiford, Chief Financial Officer of Bandwidth Inc. (BAND), sold a total of 14,314 shares in open-market dispositions on June 1–2, 2026 for aggregate proceeds of approximately $985,002. Individual transactions ranged from blocks of 100 shares up to 2,940 shares, with trade prices reported between about $63.50 and $72.30 (some blocks are reported as weighted averages covering narrower price ranges). These were sales (not purchases) — typically routine cashing-out rather than an expressed bullish purchase.
Key Details
- Transaction dates: June 1 and June 2, 2026; Form 4 filed June 3, 2026 (within required reporting window).
- Total shares sold: 14,314; total proceeds: ~$985,002.
- Reported prices: individual trades listed from $63.50 to $72.30; several line items are reported as weighted-average prices with detailed ranges provided in footnotes (F2–F13).
- Footnotes: F1 states these sales were made pursuant to a Rule 10b5-1 trading plan adopted Dec 3, 2025. Other footnotes note weighted-average price ranges and offer to provide breakdowns on request.
- Shares owned after transaction: not provided in the data you supplied — see the filed Form 4 for exact post-sale holdings.
Context
Sales executed under a 10b5-1 plan are pre-established trading arrangements and are commonly viewed as scheduled disposals rather than ad hoc insider trades; they reduce—but do not eliminate—interpretability of intent. For retail investors, insider purchases typically carry more weight as a bullish signal; routine sales like these are often for diversification or liquidity.
Insider Transaction Report
Form 4
Bandwidth Inc.BAND
Raiford Daryl E
Chief Financial Officer
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-06-01$63.50/sh−1,000$63,504→ 41,919 total - Sale
Class A Common Stock
[F1][F3]2026-06-01$64.50/sh−1,000$64,500→ 40,919 total - Sale
Class A Common Stock
[F1][F4]2026-06-01$65.15/sh−400$26,060→ 40,519 total - Sale
Class A Common Stock
[F1][F5]2026-06-01$67.30/sh−400$26,920→ 40,119 total - Sale
Class A Common Stock
[F1][F6]2026-06-01$68.01/sh−400$27,205→ 39,719 total - Sale
Class A Common Stock
[F1][F7]2026-06-01$69.35/sh−600$41,611→ 39,119 total - Sale
Class A Common Stock
[F1][F8]2026-06-01$70.89/sh−2,940$208,420→ 36,179 total - Sale
Class A Common Stock
[F1][F9]2026-06-01$71.44/sh−1,200$85,730→ 34,979 total - Sale
Class A Common Stock
[F1][F10]2026-06-02$68.21/sh−2,868$195,629→ 32,111 total - Sale
Class A Common Stock
[F1][F11]2026-06-02$69.28/sh−1,706$118,191→ 30,405 total - Sale
Class A Common Stock
[F1][F12]2026-06-02$70.35/sh−1,200$84,421→ 29,205 total - Sale
Class A Common Stock
[F1][F13]2026-06-02$71.16/sh−500$35,581→ 28,705 total - Sale
Class A Common Stock
[F1]2026-06-02$72.30/sh−100$7,230→ 28,605 total
Footnotes (13)
- [F1]Reflects shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 3, 2025.
- [F10]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.80 to $68.79. 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.
- [F11]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.80 to $69.75. 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.
- [F12]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.98 to $70.81. 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.
- [F13]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.13 to $71.19. 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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.93 to $63.87. 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.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.05 to $65.00. 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 $65.06 to $65.39. 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]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.88 to $67.74. 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.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.94 to $68.06. 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.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.07 to $69.64. 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.
- [F8]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.25 to $71.18. 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.
- [F9]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.31 to $71.73. 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.
Signature
/s/ Leah Webb, Attorney-in-Fact for Daryl E. Raiford|2026-06-03