This cluster is routine and non-informative. The sales are mechanically tied to option exercises and tax withholding, not a bearish signal. Monitor for any upcoming earnings or material agreements that could trigger a re-rating, but this filing alone does not warrant action.
Price Chart
Executive Summary
A cluster of insider selling at Bandwidth Inc. (BAND) occurred on May 29, 2026, with the CEO, CFO, Chief People Officer, and Controller collectively selling $399K in open-market transactions at ~$58.37/share. The sales follow a wave of derivative exercises on May 28 and 30, indicating a typical cashless exercise-and-sell pattern for tax obligations, not a coordinated bearish signal. At 0.02% of market cap ($2.1B), the dollar value is trivial and routine.
Key Financial Metrics
Key Facts
- Four insiders sold a total of $399K in open-market sales on May 29, 2026, at ~$58.37/share.
- CEO David Morken sold $154K, CFO Daryl Raiford sold $132K, CPO Rebecca Bottorff sold $73K, and Controller Devin Krupka sold $40K.
- All four insiders exercised stock options (non-cash) on May 28 or May 30, 2026, immediately preceding or coinciding with the sales.
- Total selling value of $399K represents only 0.02% of BAND's $2.1B market cap.
- The sales follow a pattern of cashless exercise-and-sell to cover tax withholding obligations, not discretionary portfolio liquidation.
- Prior 30-day insider activity showed 8 sells totaling $873K, consistent with routine option exercise patterns.
Financial Impact
Total insider sales of $399K, or 0.02% of market cap — immaterial relative to company size.
Risk Factors
- Insider selling could accelerate if the stock appreciates further, but this is typical post-vesting behavior.
- No evidence of a material negative catalyst; the cluster is consistent with normal compensation-related transactions.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BAND-1780346676726 |
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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