Bandwidth (BAND) General Counsel Richard Asbill Sells 29,214 Shares

What Happened
Richard Asbill, General Counsel of Bandwidth Inc. (BAND), sold a total of 29,214 shares in open-market transactions on June 5, 2026. The sales consisted of 12,330 shares at a weighted-average price of $71.27 (≈ $878,807) and 16,884 shares at a weighted-average price of $72.59 (≈ $1,225,569), for combined proceeds of roughly $2,104,376. These were sales (not purchases or option exercises).

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-08 (appears timely).
• Lots and prices reported:
  • 12,330 shares sold at weighted avg $71.27 (prices in the lot ranged $71.00–$71.99). (Footnote F1)
  • 16,884 shares sold at weighted avg $72.59 (prices in the lot ranged $72.04–$72.99). (Footnote F2)
• Total shares sold: 29,214; total reported proceeds: ~$2,104,376.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding, or other special conditions are disclosed in the provided details.

Context

• These were open-market sales (Form 4 code S). Sales by insiders are common and can reflect many reasons (liquidity, diversification, tax planning); they are not, by themselves, a definitive signal about company outlook.
• Footnotes note that the reported prices are weighted averages and the filer will provide a breakdown of the prices on request to the company, SEC staff, or shareholders.