About this page
Insider trades reported on SEC Form 4: when the people who run a company buy or sell its shares with their own money.
How to read it
- Form 4
- The form a company insider (officer, director or owner of more than 10%) must file with the SEC within two business days of buying or selling the company's shares.
- Buy (P) and Sell (S)
- Open-market purchases and sales. Gifts, option exercises and automatic tax withholding are left out because they say little about what the insider thinks.
- Value
- Shares times price, as reported on the filing.
- 10b5-1
- A trade made under a plan set up in advance. Planned sales are common and usually say less than an unplanned purchase.
- Late filing
- A Form 4 filed more than two business days after the trade.
- Vs. S&P 500
- How the stock did after the trade minus how the overall market did in the same weeks.
A real example
In January 2016, when bank stocks were falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares with his own money, worth about $26 million. His Form 4 made the purchase public within days, and investors read it as a strong sign of confidence.
Explain it like I'm 13
If the coach of a team bets his own allowance that his team will win, that tells you something. A Form 4 is the note a company boss must hand in whenever he buys or sells his own company's shares, so everyone can see it.
Data from public SEC filings and congressional reports. Information, not investment advice. Check every number against the filing linked on the page.
Bandwidth Inc. (BAND): Insider Trades and Fund Holdings
In the past 12 months, Bandwidth Inc. insiders reported no open-market purchases and 14 sales worth $2.21M; 7 of the sales were reported as made under a 10b5-1 trading plan.
Timeline: news and trades
Company filings (8-K), insider trades, notices of planned sales (Form 144) and fund moves in the past year, newest first.
- Oct 16, 2026Insider saleDirector Lukas M. Roush sold $73,560 under a 10b5-1 plan
- Oct 16, 2026Planned saleRoush Lukas M. (director) filed notice to sell about $223,200 around Oct 16, 2026
- Sep 16, 2026Insider saleDirector Lukas M. Roush sold $72,900 under a 10b5-1 plan
- Sep 11, 2026Planned saleAsbill Richard Brandon (former officer) filed notice to sell about $368,667 around Sep 11, 2026
- Sep 4, 2026NewsCompany reported: Executive or director change
- Sep 2, 2026Insider saleCFO Daryl E. Raiford sold $354,082 under a 10b5-1 plan
- Sep 2, 2026Insider saleChief Information Officer Kade Ross sold $192,585 under a 10b5-1 plan
- Sep 2, 2026Planned saleKade Ross (officer) filed notice to sell about $406,320 around Sep 2, 2026
- Sep 1, 2026Insider saleController, PAO Devin M. Krupka sold $150,546 under a 10b5-1 plan
- Aug 31, 2026Insider saleCEO David A. Morken sold $252,021
- Aug 31, 2026Insider saleCOO Devesh Agarwal sold $239,292
- Aug 31, 2026Insider saleCFO Daryl E. Raiford sold $229,659
- Aug 31, 2026Insider saleChief People Officer Rebecca Bottorff sold $133,333
- Aug 31, 2026Insider saleGeneral Counsel Richard Brandon Asbill sold $90,036
- Aug 31, 2026Insider saleChief Information Officer Kade Ross sold $79,420
- Aug 31, 2026Insider saleController, PAO Devin M. Krupka sold $59,910
- Aug 27, 2026Insider saleDirector Lukas M. Roush sold $71,025 under a 10b5-1 plan
- Aug 27, 2026Planned saleRaiford Daryl E (officer) filed notice to sell about $551,565 around Aug 31, 2026
- Aug 27, 2026Planned saleMorken David A. (officer, director) filed notice to sell about $278,100 around Aug 31, 2026
- Aug 27, 2026Planned saleAgarwal Devesh (officer) filed notice to sell about $231,750 around Aug 31, 2026
- Aug 27, 2026Planned saleKrupka Devin M (officer) filed notice to sell about $198,981 around Aug 31, 2026
- Aug 27, 2026Planned saleRoush Lukas M. (director) filed notice to sell about $139,050 around Aug 27, 2026
- Aug 27, 2026Planned saleBottorff Rebecca (officer, director) filed notice to sell about $139,050 around Aug 31, 2026
- Aug 27, 2026Planned saleAsbill Richard Brandon (officer) filed notice to sell about $92,700 around Aug 31, 2026
- Aug 27, 2026Planned saleRoss Kade (officer) filed notice to sell about $92,700 around Aug 31, 2026
- Aug 17, 2026Insider saleDirector Douglas A. Suriano sold $212,362 under a 10b5-1 plan
- Aug 17, 2026Planned saleSuriano Douglas A (director) filed notice to sell about $215,880 around Aug 17, 2026
- Jun 30, 2026FundRenaissance Technologies cut 0% in Q2 2026 (13F filed Aug 13, 2026)
Recent insider trades
Open-market purchases (code P) and sales (code S) from Form 4. Grants, option exercises and gifts are not shown. Latest filing: Oct 19, 2026.
| Filed | Insider | Type | Value |
|---|---|---|---|
| Oct 19 | Lukas M. RoushDirector | ▼ SELL10b5-1 | $74K |
| Sep 17 | Lukas M. RoushDirector | ▼ SELL10b5-1 | $73K |
| Sep 3 | Daryl E. RaifordCFO | ▼ SELL10b5-1 | $354K |
| Sep 3 | Kade RossChief Information Officer | ▼ SELL10b5-1 | $193K |
| Sep 2 | Devin M. KrupkaController, PAO | ▼ SELL10b5-1 | $151K |
| Sep 1 | David A. MorkenCEO | ▼ SELL | $252K |
| Sep 1 | Devesh AgarwalCOO | ▼ SELL | $239K |
| Sep 1 | Daryl E. RaifordCFO | ▼ SELL | $230K |
| Sep 1 | Rebecca BottorffChief People Officer | ▼ SELL | $133K |
| Sep 1 | Richard Brandon AsbillGeneral Counsel | ▼ SELL | $90K |
Insiders who traded in the past year
| Insider | Role | Buys | Bought | Sells | Sold |
|---|---|---|---|---|---|
| Lukas M. Roush | Director | 0 | $0 | 3 | $217K |
| Daryl E. Raiford | CFO | 0 | $0 | 2 | $584K |
| Kade Ross | Chief Information Officer | 0 | $0 | 2 | $272K |
| Devin M. Krupka | Controller, PAO | 0 | $0 | 2 | $210K |
| David A. Morken | CEO | 0 | $0 | 1 | $252K |
| Devesh Agarwal | COO | 0 | $0 | 1 | $239K |
| Rebecca Bottorff | Chief People Officer | 0 | $0 | 1 | $133K |
| Richard Brandon Asbill | General Counsel | 0 | $0 | 1 | $90K |
Buybacks and executive pay
| Year | CEO pay reported | CEO pay "actually paid" | Value of $100 invested |
|---|---|---|---|
| 2025 | $7.56M | $8.49M | n/a |
| 2024 | $2.09M | $2.41M | n/a |
| 2023 | $1.98M | $1.48M | n/a |
From the company's XBRL data filed with the SEC. "Actually paid" is the SEC's pay-versus-performance measure, which counts changes in the value of stock awards. "Value of $100 invested" is the company's cumulative shareholder return as reported, usually measured from five years earlier. See all buybacks and CEO pay across companies.
A All 14 insider trades reported on time. How it is graded
Tracked funds that report BAND
From each fund's latest 13F. Holdings are as of quarter end and are filed up to 45 days later.
| Fund | Shares | Value | Change |
|---|---|---|---|
| Renaissance Technologies | 644,000 | $40.8M | ▼ −0.2% |
Reading these numbers
Insiders sell for many reasons: taxes, diversification, a house. Purchases with their own money are rarer and are usually read as more informative. A Form 4 is due within two business days of the trade. How to read a Form 4 →