Bandwidth Inc. (BAND) — Insider Trading

AI-Powered SEC Filing Analysis

Latest Insider Trading Filed: 2026-05-14

Key Insights

COO Devesh Agarwal sold a total of 20,000 shares across two consecutive trading days (May 13-14, 2026) at prices around $52.11-$52.14, reducing his beneficial ownership from ~104,665 to 76,414 shares, representing a significant 19% reduction in holdings.
The sales were executed through multiple transactions at varying prices within narrow ranges ($52.01-$52.40 and $52.00-$52.505), suggesting deliberate weighted-average pricing strategy rather than panic selling, which is typical for Rule 10b5-1 compliant or planned liquidations.
Despite the notable share reduction, the executive retains 76,414 shares of direct beneficial ownership, indicating continued material stake in the company and suggesting the sale may reflect portfolio rebalancing rather than loss of confidence.

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Earlier Insider Trading filings

Filed: 2026-05-13

Rebecca Bottorff, Chief People Officer and Director, sold 50,535 shares of Class A Common Stock on May 12, 2026, at a weighted average price of $49.42, representing a significant insider sale with no remaining beneficial ownership reported.
The sale was executed across multiple transactions within a narrow price range ($49.40-$49.75), suggesting a planned or systematic disposition rather than opportunistic selling, which could indicate either portfolio rebalancing or confidence concerns.
As a senior executive and board member, this substantial share reduction by the Chief People Officer may signal potential leadership transitions or changes in HR strategy at a critical time for the company.

Filed: 2026-05-12

Chief Information Officer Ross Kade executed a structured sale of 20,000 shares (Class A Common Stock) on 05/11/2026 pursuant to a Rule 10b5-1 trading plan adopted on November 24, 2025, indicating a pre-planned divestment rather than reactive selling.
Shares were sold across three tranches at weighted average prices ranging from $50.56 to $52.58, with individual transactions spanning $50.00-$52.95, representing a net reduction in his beneficial ownership from approximately 129,288 shares to 49,604 shares.
The use of a Rule 10b5-1 plan demonstrates compliance with insider trading regulations and suggests the executive had confidence in the stock price at the time the plan was established, though the significant reduction in holdings (62% decrease) may signal reduced conviction or portfolio rebalancing.

Filed: 2026-05-06

Director Lukas M. Roush sold 5,696 shares of BAND at a weighted average price of $47.62 on May 5, 2026, reducing his direct holdings from approximately 62,298 to 56,602 shares.
This represents a significant insider sell-off of approximately $271,000 in equity value, which may signal reduced confidence in near-term stock performance or portfolio rebalancing by a board member.
The sale was executed through multiple transactions within a narrow price range ($47.20-$47.90), suggesting a deliberate and methodical disposition rather than a panic sale.

Filed: 2026-05-05

Controller Devin M. Krupka sold 4,444 shares at an average price of $46.04 on 05/05/2026, representing a significant insider selling transaction that may signal concerns about valuation or near-term stock performance.
Concurrent with the stock sale, Krupka acquired 3,333 shares through what appears to be a grant or equity compensation (Code G transaction at $0 price), suggesting ongoing equity incentive participation despite the simultaneous divestiture.
Following these transactions, Krupka's beneficial ownership decreased from approximately 30,609 shares to 26,609 shares, indicating a net reduction in personal stake in the company.

Filed: 2026-05-05

General Counsel Richard Brandon Asbill sold 20,000 shares of BAND on 05/04/2026 at a weighted average price of $44.1454, reducing his direct ownership from approximately 47,613 to 27,613 shares.
The sale was executed across multiple transactions with prices ranging from $44.00 to $44.785, suggesting a deliberate distribution rather than a single market order, which is typical for Rule 10b5-1 compliant sales.
This represents a substantial 42% reduction in the executive's direct shareholding, which could signal either portfolio rebalancing/diversification or reduced confidence in near-term stock performance.

Filed: 2026-05-05

Chief Operating Officer Devesh Agarwal sold a total of 15,000 shares across two days (May 4-5, 2026) at prices ranging from $45.00 to $45.95, reducing his direct ownership from 111,414 to 96,414 shares.
The sales appear to be pre-planned executions rather than panic selling, with weighted average prices of $45.02 and $45.39 across two separate transactions, suggesting measured portfolio rebalancing.
This insider selling represents approximately 13.5% reduction in the COO's shareholdings, which could signal reduced confidence in near-term stock appreciation or simply reflect diversification of personal wealth.

Filed: 2026-05-01

Chief Information Officer Ross Kade executed three separate stock sales on 04/30/2026 totaling 10,000 shares, reducing his beneficial ownership from approximately 76,794 to 63,894 shares, representing a significant 13% reduction in his position.
All sales were conducted under a Rule 10b5-1 trading plan adopted on November 24, 2025, indicating pre-planned, systematic selling rather than opportunistic trades, which suggests confidence in execution but may signal the officer's desire to diversify holdings.
Share prices ranged from $31.00 to $33.58 across the three transactions, with weighted average prices of $32.54 and $33.46 for the latter two batches, indicating fairly consistent pricing near the $31-33 range during the sale window.

Filed: 2026-04-17

Daryl E. Raiford, the Chief Financial Officer of Bandwidth Inc., sold 8,040 shares of the company's Class A common stock on April 16, 2026, as part of a Rule 10b5-1 trading plan.
The shares were sold at a weighted average price of $20.0011, with the total transaction value amounting to approximately $160,888.
Following the transaction, Raiford's direct beneficial ownership in Bandwidth Inc. decreased to 28,605 shares.

Filed: 2026-03-23

Devin M. Krupka, the Controller and Principal Accounting Officer (PAO) of Bandwidth Inc., exercised 1,842 restricted stock units (RSUs) and sold 524 shares to cover tax withholding, indicating ongoing equity participation and ownership.
The transaction was made pursuant to a 10b5-1 trading plan, suggesting a systematic approach to managing insider holdings and sales.
Krupka's continuing role as a key executive and his equity stake maintenance suggest confidence in the company's long-term prospects.

Filed: 2026-03-16

Daryl E. Raiford, the Chief Financial Officer of Bandwidth Inc., sold a total of 33,126 shares of Class A common stock on March 12 and 13, 2026 at weighted average prices of $15.47 and $15.19 respectively.
The transactions resulted in Raiford's direct beneficial ownership decreasing from 52,745 shares to 36,645 shares, a reduction of approximately 30%.
While insider selling can sometimes signal concerns, the sale amounts and timing do not appear to be overly concerning without additional context.

Filed: 2026-03-12

Daryl E. Raiford, the Chief Financial Officer of Bandwidth Inc., sold a total of 22,807 shares of the company's Class A common stock on March 10 and 11, 2026, at weighted average prices of $16.31 and $15.62 respectively.
The transactions represent a decrease of approximately 28% in Raiford's direct beneficial ownership of Bandwidth's Class A common stock, from 78,578 shares to 69,771 shares.
The timing and size of the sales may indicate that the CFO is reducing his personal exposure to the company's stock, which could signal potential concerns about the company's future performance or valuation.

Filed: 2026-03-10

David A. Morken, the Chairman and CEO of Bandwidth Inc., gifted 69,355 shares of the company's Class A common stock to an irrevocable trust, indicating his confidence in the company's long-term prospects.
The reported transaction was a gift, not a sale, suggesting Morken's continued commitment to Bandwidth and his belief in the company's future growth.
This insider transaction, while not a direct purchase or sale, provides insight into the leadership's perspective on the company's valuation and direction.

Filed: 2026-03-10

Daryl E. Raiford, the Chief Financial Officer of Bandwidth Inc., has sold a total of 13,868 shares of the company's Class A common stock over two trading days, March 6 and March 9, 2026.
The shares were sold at weighted average prices of $16.3406 and $16.4769, respectively, indicating the reporting person's willingness to reduce their direct beneficial ownership in the company.
The reduction in Raiford's direct ownership of Bandwidth Inc. shares may signal a change in the company's financial outlook or the reporting person's personal investment strategy, which investors should closely monitor.

Filed: 2026-03-06

The reporting person, Daryl E. Raiford, who is the Chief Financial Officer of Bandwidth Inc., has sold a total of 23,057 shares of the company's Class A common stock on March 4 and March 5, 2026.
The sales were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person, indicating pre-planned transactions rather than opportunistic selling.
The reported transactions account for a significant portion of the reporting person's beneficial ownership, reducing their stake from 119,702 shares to 106,446 shares.

Filed: 2026-03-02

The reporting person, Rebecca Bottorff, acquired a significant amount of Bandwidth Inc. (BAND) Class A common stock through the vesting of restricted stock units (RSUs). This indicates potential confidence in the company's performance and long-term growth prospects.
The reporting person also sold a portion of the acquired shares, suggesting some diversification or liquidity needs, but the overall trend is one of increasing ownership in the company.
The RSU grants to the reporting person, who serves as the Chief People Officer, suggest that Bandwidth Inc. is actively incentivizing and retaining key talent to support the company's growth strategy.

Filed: 2026-03-02

Devin M. Krupka, the Controller and PAO of Bandwidth Inc., exercised 4,292 restricted stock units (RSUs) on February 28, 2026, acquiring 4,292 shares of Class A common stock.
Following the transactions, Krupka's beneficial ownership of Bandwidth Inc. Class A common stock increased from 35,049 shares to 36,566 shares.
Krupka also sold 1,218 shares of Class A common stock on the same day at a price of $14.82 per share.

Other reports for Bandwidth Inc.

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Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.