Raiford Daryl E 4

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.