Form 4: Bandwidth CEO Sells Shares
Insider Transaction (Form 4)
David A. Morken, Chairman & CEO and a Director of Bandwidth Inc., sold 5,128 shares of common stock on August 28, 2026.
Summary
- Option exercise/conversion: acquired 7,727 Class A Common Stock on August 28, 2026; holds 7,727 after (Direct).
- Option exercise/conversion: acquired 4,103 Class A Common Stock on August 28, 2026; holds 11,830 after (Direct).
- Open-market sale: disposed of 3,000 Class A Common Stock at $48.82 ($146,468) on August 31, 2026; holds 8,830 after (Direct).
- Open-market sale: disposed of 2,128 Class A Common Stock at $49.60 ($105,553) on August 31, 2026; holds 6,702 after (Direct).
- Option exercise/conversion: disposed of 7,727 Restricted Stock Units on August 28, 2026; holds 7,727 after (Direct).
- Option exercise/conversion: disposed of 4,103 Restricted Stock Units on August 28, 2026; holds 20,514 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $252,021 of stock on the open market.
Insider Transactions
David A. Morken — Director, Officer (Chairman & CEO)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-28 | Option exercise/conversion | Class A Common Stock | 7,727 | — | — | 7,727 |
| 2026-08-28 | Option exercise/conversion | Class A Common Stock | 4,103 | — | — | 11,830 |
| 2026-08-31 | Open-market sale | Class A Common Stock | 3,000 | $49 | $146.5K | 8,830 |
| 2026-08-31 | Open-market sale | Class A Common Stock | 2,128 | $50 | $105.6K | 6,702 |
| 2026-08-28 | Option exercise/conversion | Restricted Stock Units | 7,727 | — | — | 7,727 |
| 2026-08-28 | Option exercise/conversion | Restricted Stock Units | 4,103 | — | — | 20,514 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-28 | Option exercise/conversion (7,727 shares) |
| 2026-08-28 | Option exercise/conversion (4,103 shares) |
| 2026-08-31 | Open-market sale (3,000 shares) |
| 2026-08-31 | Open-market sale (2,128 shares) |
| 2026-08-28 | Option exercise/conversion (7,727 shares) |
| 2026-08-28 | Option exercise/conversion (4,103 shares) |
Keywords
insider transaction, Form 4, BAND, Bandwidth Inc., bearish, David A. Morken
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