Raiford Daryl E 4
4 · Bandwidth Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Bandwidth (BAND) CFO Daryl E. Raiford Sells 33,126 Shares
What Happened
Daryl E. Raiford, Chief Financial Officer of Bandwidth Inc. (BAND), sold a total of 33,126 shares in two open-market transactions. On 2026-03-12 he sold 17,026 shares at a weighted average price of $15.47 for proceeds of $263,309; on 2026-03-13 he sold 16,100 shares at a weighted average price of $15.19 for proceeds of $244,524. Combined proceeds were about $507,833. These were sales (code S) — routine disposition of shares rather than purchases or option exercises.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-03-12: 17,026 shares @ $15.47 (proceeds $263,309). Footnote F1: actual sale prices ranged from $15.26 to $15.64; the filing reports a weighted average.
- 2026-03-13: 16,100 shares @ $15.19 (proceeds $244,524). Footnote F2: actual sale prices ranged from $15.08 to $15.4550; the filing reports a weighted average.
- Total shares sold: 33,126; total reported proceeds: ~$507,833.
- Shares owned after the transaction: Not disclosed in the provided filing excerpt.
- Filing timeliness: Form 4 was filed 2026-03-16. This filing date is within the standard two-business-day reporting window for these trades and is therefore timely.
- Footnotes: The reporting person offers to provide a breakdown of the number of shares sold at each specific price within the ranges in F1 and F2 upon request.
Context
These were open-market sales by the company’s CFO, not option exercises or gifts. Sales by insiders can be for many personal or tax reasons and are not, by themselves, a definitive signal about company prospects. Purchases by insiders generally carry more informational weight for retail investors than routine sales.
Insider Transaction Report
- Sale
Class A Common Stock
[F1]2026-03-12$15.47/sh−17,026$263,309→ 52,745 total - Sale
Class A Common Stock
[F2]2026-03-13$15.19/sh−16,100$244,524→ 36,645 total
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.26 to $15.64. The Reporting Person undertakes to provide Bandwidth Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.08 to $15.4550. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.