Bandwidth (BAND) CFO Daryl Raiford Sells Shares

What Happened
CFO Daryl Raiford sold a total of 7,227 Bandwidth (BAND) shares in open-market transactions on September 2, 2026, generating approximately $354,082 in gross proceeds. The sales consisted of 2,536 shares at a weighted average price of $47.74 ($121,057), 1,400 shares at a weighted average price of $48.99 ($68,582), and 3,291 shares at a weighted average price of $49.97 ($164,443). These were dispositions (sales), which are often routine when made under prearranged plans.

Key Details

• Transaction date: September 2, 2026; Form 4 filed September 3, 2026 (timely filing).
• Individual sales:
  • 2,536 shares sold at a weighted avg $47.74 — proceeds $121,057 (sales ranged $47.40–$48.23).
  • 1,400 shares sold at a weighted avg $48.99 — proceeds $68,582 (sales ranged $48.60–$49.35).
  • 3,291 shares sold at a weighted avg $49.97 — proceeds $164,443 (sales ranged $49.65–$50.00).
• Total shares sold: 7,227; total proceeds: ~$354,082.
• Sales executed pursuant to a Rule 10b5-1 trading plan adopted Dec 3, 2025 and modified June 3, 2026.
• The filing notes the reported prices are weighted averages and offers to provide a breakdown of individual trade prices on request.
• Shares owned after the transactions are not specified in the provided filing excerpt.

Context
These were open-market sales completed under a pre-established 10b5-1 plan, which is a common mechanism executives use to sell shares on a scheduled basis. Such planned sales are generally considered routine and do not necessarily indicate a change in the insider’s view of the company.