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sellWeak cluster of 910b5-1 plan

David A. Morken sold $177k of BAND

Chairman & CEO at Bandwidth Inc.. 12,584 shares at an average of $14.06, traded Dec 1, 2025, filed Dec 2, 2025.

Warning score
27
Value
$177k
12,584 shares
Holdings after
29,494
-30% from before
From 52-week low
+23%
low $11.45, close $14.06
From 52-week high
-33%
high $21.11, as of Dec 1, 2025

Score components

  • Role
    CEO
    +25
  • Trade size
    $177k at market
    +12
  • Share of holdings sold
    Sold 30% of holdings
    +10
  • Cluster
    9 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +8.7%, 3m +9.5%, 6m +377.6%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

BANDOct 13, 2026 · close 52.73
Since filing Dec 2, 2025: +271.1%SPY +15.4% · excess +255.7%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001721962-25-000007, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Nov 28, 2025MOption exercise
Class A Common Stock10b5-1
+4,236$0.00$017,940Dec 2, 2025
Nov 28, 2025MOption exercise
Class A Common Stock10b5-1
+7,727$0.00$025,667Dec 2, 2025
Nov 28, 2025MOption exercise
Class A Common Stock10b5-1
+16,411$0.00$042,078Dec 2, 2025
Dec 1, 2025SOpen-market sale
Class A Common Stock10b5-1
-12,584$14.06$177k29,494Dec 2, 2025
Nov 28, 2025MOption exercise
Restricted Stock Unitsderivative10b5-1
-4,236$0.00$00Dec 2, 2025
Nov 28, 2025MOption exercise
Restricted Stock Unitsderivative10b5-1
-7,727$0.00$030,908Dec 2, 2025
Nov 28, 2025MOption exercise
Restricted Stock Unitsderivative10b5-1
-16,411$0.00$032,823Dec 2, 2025
Nov 28, 2025AGrant or award
Restricted Stock Unitsderivative10b5-1
+493,867$0.00$0493,867Dec 2, 2025

Related signals

Other insiders at Bandwidth Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
18Weak
BANDsell 310b5-1
Bandwidth Inc.
Lukas M. Roush
director
$73k
1,500 shares
-2%
37Weak
BANDsell 810b5-1
Bandwidth Inc.
Daryl Raiford
Chief Financial Officer
$354k
7,227 shares
-20%
22Weak
BANDsell 810b5-1
Bandwidth Inc.
Kade Ross
Chief Information Officer
$193k
4,000 shares
-8%
26Weak
BANDsell 810b5-1
Bandwidth Inc.
Devin M Krupka
Controller, PAO
$151k
3,074 shares
-20%
33Weak
BANDsell 9
Bandwidth Inc.
Devesh Agarwal
Chief Operating Officer
$239k
4,869 shares
-6%
29Weak
BANDsell 9
Bandwidth Inc.
Richard Brandon Asbill
General Counsel
$90k
1,832 shares
-20%
40Moderate
BANDsell 9
Bandwidth Inc.
Daryl Raiford
Chief Financial Officer
$230k
4,673 shares
-12%
48Moderate
BANDsell 9
Bandwidth Inc.
David A. Morken
Chairman & CEO
$252k
5,128 shares
-43%
31Weak
BANDsell 9
Bandwidth Inc.
Rebecca Bottorff
Chief People Officer
$133k
2,713 shares
-20%
24Weak
BANDsell 9
Bandwidth Inc.
Kade Ross
Chief Information Officer
$79k
1,616 shares
-3%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

David A. Morken sold $177k of BAND | InsiderTell