This is a routine 10b5-1 plan sale tied to RSU vesting. No material signal for traders — the insider is not making a discretionary decision. Monitor for actual execution on Form 4, but no immediate trading action warranted.
Price Chart
Executive Summary
Officer Daryl Raiford filed a Form 144 notice of intent to sell 11,900 shares of Bandwidth Inc. common stock upon vesting of restricted stock units on August 28, 2026, with an estimated value of ~$551,565. The sale is pre-arranged under a Rule 10b5-1 plan adopted in December 2025 and modified in June 2026. This is a routine, planned sale tied to equity vesting and represents a negligible fraction of market cap.
Key Facts
- Insider Daryl Raiford (Officer) intends to sell 11,900 shares of BAND common stock.
- Estimated proceeds: ~$551,565 based on filing price of ~$46.35/share.
- Shares originate from RSUs vesting on August 28, 2026.
- Up to 8,000 shares may be sold under a 10b5-1 plan adopted 12/03/2025, modified 06/03/2026.
- Prior sales by Raiford in last 3 months: ~22,503 shares for ~$1.49M (June 2026).
- Sale represents ~0.04% of BAND's $1.5B market cap.
Financial Impact
~$551,565 in planned insider sales, immaterial relative to $1.5B market cap
Risk Factors
- None material — sale is pre-planned and small relative to market cap.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (BAND) — Batch item 1 | 0001405026-26-000041 |
| Document: 0001405026-26-000041-index.html | 0001405026-26-000041 |
| Document: 0001405026-26-000041.txt | 0001405026-26-000041 |
| 144 Filing (BAND) — Batch item 4 | 0001405026-26-000041 |
| Document: 0001405026-26-000041-index.html | 0001405026-26-000041 |
| Document: 0001405026-26-000041.txt | 0001405026-26-000041 |
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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