BAND Bandwidth Inc.
Price Chart
Executive Summary
Seven Bandwidth insiders, including the CEO, CFO, and COO, sold a total of $741K in open-market shares over a 7-day window ending June 1, 2026. The cluster is concentrated among C-suite executives and coincides with derivative exercises by the CEO and directors, suggesting the sales are primarily for tax withholding and liquidity rather than a coordinated bearish signal. At 0.03% of the $2.2B market cap, the dollar value is trivial and does not warrant a directional read.
Key Financial Metrics
Actionable Insight
The cluster is routine and non-informative — derivative exercises and small C-suite sales at 0.03% of market cap are typical post-vesting liquidity. No bearish signal. Monitor next 10-Q for any fundamental deterioration, but this filing alone does not warrant action.
Key Facts
- 7 insiders sold $741K in open-market shares over 7 days (May 29–June 1, 2026)
- CEO David Morken sold $154K; CFO Daryl Raiford sold $484K across three trades; COO Devesh Agarwal sold $136K
- CEO and three directors also exercised non-cash derivatives (zero-dollar transactions) on May 28, indicating vesting-driven sales
- Total open-market sales represent ~0.03% of Bandwidth's $2.2B market cap — well below the 0.1% materiality threshold
- Prior 30-day insider activity showed 8 sells totaling $1.0M, consistent with routine pattern
Financial Impact
$741K in open-market sales, 0.03% of market cap
Risk Factors
- Insider sales could accelerate if stock continues to rise, but current pattern is normal
- No evidence of informed selling — risk of misinterpreting routine vesting as bearish
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BAND-1780517446777 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $73.19 $72.20 | ▼ −1.35% | ▲ +1.22% | $65.34 (−10.73%) |
|
Jun 1, 2026
11d ago
|
Insider Cluster
| $67.87 $65.60 | ▼ −3.34% | ▼ −2.62% | $65.34 (−3.73%) |
|
May 28, 2026
16d ago
|
144
| $57.66 $64.97 | ▲ +12.68% | ▲ +12.44% | $65.34 (+13.32%) |
|
May 12, 2026
4w ago
|
8-K
| $51.01 $51.01 | · 0.00% | ▲ +0.00% | $65.34 (+28.09%) |
|
May 11, 2026
4w ago
|
Insider Cluster
| $49.95 $49.44 | ▲ +1.02% | ▲ +0.88% | $65.34 (−30.81%) |
|
May 5, 2026
5w ago
|
Insider Cluster
| $52.10 $53.97 | ▲ +3.59% | ▲ +4.82% | $65.34 (+25.41%) |
|
Apr 30, 2026
6w ago
|
Insider Cluster
| $46.45 $48.58 | ▲ +4.59% | ▲ +4.92% | $65.34 (+40.67%) |
|
Apr 30, 2026
6w ago
|
Insider Cluster
| $36.81 $44.86 | ▲ +21.87% | ▲ +21.65% | $65.34 (+77.51%) |
|
Apr 17, 2026
8w ago
|
144
| $23.01 $24.13 | ▲ +4.87% | ▲ +5.06% | $65.34 (+183.96%) |
|
Mar 4, 2026
14w ago
|
Insider Cluster
| $16.45 $16.15 | ▲ +1.82% | ▲ +1.25% | $65.34 (−297.20%) |
US Market Status
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