Monitor for actual sales in the coming weeks; while this is a routine 10b5-1 plan execution, the volume represents a notable insider disposition. Given the pre-established nature of the plan, it should not be interpreted as a negative signal unless accompanied by other negative developments.
Price Chart
Executive Summary
Daryl Raiford, an officer of Bandwidth Inc., filed a Form 144 notifying intent to sell 81,000 shares of common stock, valued at approximately $1.31 million, following vesting of restricted stock units between January and March 2026. The shares may be sold over the next three months under a Rule 10b5-1 plan established in December 2025.
Key Facts
- Reporting person: Daryl Raiford, Officer of Bandwidth Inc.
- Number of shares: 81,000 common shares
- Approximate value: $1,310,256 (based on $16.18 average price from transaction history)
- Shares resulted from restricted stock unit vesting between January 3, 2026 and March 2, 2026
- Sale plan: Rule 10b5-1 adopted on December 3, 2025, allowing sales over the next three months
- Broker: Morgan Stanley Smith Barney LLC
- Filing date: April 16, 2026
Financial Impact
Approximately $1.31 million in potential insider selling over the next three months
Risk Factors
- Potential near-term downward pressure on stock if sales are executed rapidly
- Perception of insider selling could affect market sentiment, especially given Bandwidth's small market cap of $602M
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001405026-26-000028 |
| Document: 0001405026-26-000028-index.html | 0001405026-26-000028 |
| Document: 0001405026-26-000028.txt | 0001405026-26-000028 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $50.08 $50.23 | ▲ +0.30% | ▼ −0.52% | $63.74 (+27.28%) |
Sep 15, 2026 17d ago | Press Release | $50.08 $50.23 | ▲ +0.30% | ▼ −0.52% | $63.74 (+27.28%) |
Sep 4, 2026 28d ago | 8-K | $43.77 $48.97 | ▲ +11.88% | ▲ +13.09% | $63.74 (+45.62%) |
Sep 3, 2026 29d ago | Insider Cluster | $47.09 $56.87 | ▲ +20.77% | ▲ +21.92% | $63.74 (+35.36%) |
Sep 2, 2026 4w ago | Insider Cluster | $47.09 $56.87 | ▲ +20.77% | ▲ +21.92% | $63.74 (+35.36%) |
Sep 1, 2026 4w ago | Insider Cluster | $50.79 $48.83 | ▼ −3.86% | ▼ −3.94% | $63.74 (+25.50%) |
Aug 28, 2026 5w ago | 144 | $49.00 $43.77 | ▼ −10.67% | ▼ −10.78% | $63.74 (+30.08%) |
Aug 18, 2026 6w ago | Insider Cluster | $52.30 $46.89 | ▼ −10.34% | ▼ −9.96% | $63.74 (+21.87%) |
Jul 29, 2026 9w ago | 8-K | $36.95 $45.67 | ▲ +23.60% | ▲ +18.07% | $63.74 (+72.50%) |
Jun 16, 2026 15w ago | 8-K | $51.78 $52.73 | ▲ +1.83% | ▲ +4.07% | $63.74 (+23.10%) |
US Market Status
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