Traders should monitor for any upcoming earnings releases or corporate updates that may explain the coordinated selling. Given the participation of the CFO and multiple C-suite executives, this level of selling could signal reduced confidence in near-term prospects, especially if not part of a pre-arranged 10b5-1 plan.
Price Chart
Executive Summary
Multiple Bandwidth Inc. insiders sold shares in the past week, including CFO Daryl Raiford who sold over $462,000 worth of stock across four open-market transactions. General Counsel Richard Asbill accounted for the largest single sale with $460,092 in dispositions, while CEO David Morken gifted 69,355 shares (non-cash). Total open-market sales amounted to $1.05 million.
Key Financial Metrics
Key Facts
- CFO Daryl Raiford sold 28,669 shares for $462,681 in four separate open-market transactions between March 4–9, 2026.
- General Counsel Richard Asbill sold 30,000 shares for $460,092 on March 4.
- Chief People Officer and Controller also sold shares totaling $223,600.
- CEO David Morken gifted 69,355 shares (non-cash, $0 value), which does not indicate economic disposition.
- Total open-market insider selling in the cluster: $1.05 million over 7 days.
Financial Impact
$1.05 million in open-market sales by insiders, representing ~0.2% of Bandwidth's $518M market cap
Risk Factors
- Insider selling may precede negative news or weaker-than-expected financial performance.
- Multiple executives selling concurrently could undermine investor confidence.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (8 trades, 7d window) | cluster-BAND-1773173329574 |
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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