Agarwal Devesh 4

What Happened

• Devesh Agarwal, Chief Operating Officer of Bandwidth Inc. (BAND), sold 15,000 shares in an open‑market transaction on May 20, 2026. The filing reports a weighted average sale price of $57.24 per share, for total proceeds of approximately $858,659. This was a cash sale (disposition), which is commonly routine insider selling and not by itself an indicator of company fundamentals.

Key Details

• Transaction date: 2026-05-20 (reported on Form 4 dated 2026-05-21)
• Price: weighted average $57.24; individual trade prices ranged from $57.00 to $57.98 (see footnote)
• Shares sold: 15,000; transaction code: S (sale/disposition)
• Shares owned after transaction: not specified in the provided filing excerpt
• Footnote: the reported price is a weighted average; the reporting person will provide a breakdown of the number of shares sold at each price on request
• Timeliness: filing appears timely (filed the next day); no late filing indicated

Context

• This was an open‑market sale (multiple trades aggregated), not an option exercise, gift, or company award. Such sales by executives can be routine (liquidity, diversification, tax planning) and should be considered alongside broader insider activity and company fundamentals before drawing conclusions.