Agarwal Devesh 4

What Happened

• Devesh Agarwal, Chief Operating Officer of Bandwidth Inc. (BAND), sold a total of 15,000 shares in two open-market transactions: 10,258 shares on 2026-05-04 at a weighted average price of $45.02 for proceeds of $461,857, and 4,742 shares on 2026-05-05 at a weighted average price of $45.39 for proceeds of $215,222. Combined proceeds were approximately $677,079. These were sales (not purchases), which are often routine insider liquidity events.

Key Details

• Transaction dates and prices:
  • 2026-05-04: 10,258 shares sold, weighted avg price $45.02 (range reported $45.00–$45.03). (Footnote F1)
  • 2026-05-05: 4,742 shares sold, weighted avg price $45.39 (range reported $45.065–$45.95). (Footnote F2)
• Total sold: 15,000 shares for ~$677,079.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing: Form 4 filed 2026-05-05 (no late filing indicated in the excerpt).
• Footnotes: Prices shown are weighted averages; the reporting person offers to provide the breakdown of individual trade prices within the ranges if requested.

Context

• These were outright sales (transaction code S). Sales provide liquidity to insiders and do not by themselves indicate a change in company fundamentals. No option exercises, grants, gifts, or 10b5‑1 plan references were reported in the provided excerpt.