Agarwal Devesh 4
4 · Bandwidth Inc. · Filed May 14, 2026
Research Summary
AI-generated summary of this filing
Bandwidth (BAND) COO Devesh Agarwal Sells Shares
What Happened
Devesh Agarwal, Chief Operating Officer of Bandwidth Inc. (BAND), sold a total of 20,000 shares in open-market transactions: 11,749 shares on May 13, 2026 at a weighted-average price of $52.14 (≈ $612,594) and 8,251 shares on May 14, 2026 at a weighted-average price of $52.11 (≈ $429,960). Combined proceeds were about $1,042,554. These were sales (S), not purchases.
Key Details
- Transaction dates/prices/values:
- May 13, 2026 — 11,749 shares at weighted avg $52.14 = $612,594 (footnote F1: actual prices in the block ranged $52.01–$52.40).
- May 14, 2026 — 8,251 shares at weighted avg $52.11 = $429,960 (footnote F2: actual prices ranged $52.00–$52.505).
- Shares owned after the transactions: not specified in the information provided in this summary.
- Footnotes: F1 and F2 note the reported prices are weighted averages of multiple trades; the filer will provide a breakdown of per-price quantities upon request to the company, shareholders, or the SEC staff.
- Filing timeliness: The Form 4 was filed on May 14, 2026, covering the May 13 and May 14 trades (filed the day after the first trade and the same day as the second), which is consistent with prompt reporting.
Context
These were open-market sales by an executive. Sales by insiders can be routine (for diversification, taxes, or liquidity) and do not by themselves indicate a change in company outlook. Purchases generally carry more weight as a bullish signal; this filing documents liquidity-taking rather than new insider accumulation.
Insider Transaction Report
- Sale
Class A Common Stock
[F1]2026-05-13$52.14/sh−11,749$612,594→ 84,665 total - Sale
Class A Common Stock
[F2]2026-05-14$52.11/sh−8,251$429,960→ 76,414 total
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.01 to $52.40. 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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.00 to $52.505. 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.