Form 4: Bandwidth Inc. Insider Sells Shares Under 10b5-1 Plan

Bandwidth Inc. Chief Information Officer Kade Ross has sold a significant number of Class A Common Stock shares as part of a pre-arranged Rule 10b5-1 trading plan.

Summary

• Kade Ross, Chief Information Officer at Bandwidth Inc., executed a series of stock sales on June 2, 2026.
• These transactions were conducted under a Rule 10b5-1 trading plan, established on November 24, 2025, which allows for pre-scheduled stock sales.
• A total of 2,224 shares were sold at a weighted average price of $68.6404.
• An additional 860 shares were sold at a weighted average price of $69.6956.
• Another 692 shares were sold at a weighted average price of $70.6275.
• Furthermore, 176 shares were sold at a weighted average price of $71.6541.
• Finally, 48 shares were sold at a weighted average price of $72.5333.
• These sales resulted in a decrease in Ross's directly held shares, with the remaining beneficial ownership detailed in the filing.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. The sale of shares by an executive under a pre-arranged Rule 10b5-1 plan is a routine event and does not inherently signal positive or negative sentiment about the company's future prospects.

Negatives

• Insider selling can sometimes be perceived negatively by the market, although this sale was conducted under a pre-arranged plan.

Risks

• The Rule 10b5-1 plan is designed to provide an affirmative defense against allegations of insider trading, but the execution of such plans can still be subject to market interpretation.
• The specific prices and volumes of individual transactions within the reported weighted averages are not fully detailed, though the reporting person has undertaken to provide this information upon request.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Management Comments

• 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.

Industry Context

StockSavvy.ai notes that insider sales under Rule 10b5-1 plans are common for executives managing their personal portfolios and complying with trading windows. The execution of such a plan indicates a structured approach to managing equity holdings, rather than an immediate reaction to company performance.

Stakeholder Impact

• Shareholders: The sale of shares by a key executive might be monitored, but the pre-arranged nature of the sale under a 10b5-1 plan mitigates concerns about adverse insider knowledge.
• Employees: No direct impact is indicated for employees.
• Creditors: No direct impact is indicated for creditors.
• Suppliers/Customers: No direct impact is indicated for suppliers or customers.

Next Steps

• The reporting person may continue to execute trades under the Rule 10b5-1 plan.
• The company or SEC staff may request further details on the individual transaction prices.

Key Dates

Keywords

Bandwidth Inc., BAND, Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Kade Ross, Chief Information Officer, Class A Common Stock, SEC Filing