BAND CLUSTER SEC Filing Analysis

Final — all horizons settled through T+60d

BAND ▲ +250.52% at T+60d

SHORT call ✗ call lost -250.52% · α vs SPY -240.43% · entry $16.45 → $57.66

Currently $65.34 · -297.20% from $16.45 entry (call sign-flipped)

Entry anchored
Mar 3, 03:59 PM ET
via Databento tick

T+1d

-1.82%

call +1.82% · α +1.25%

$16.15

settled 3mo ago

T+5d

-4.62%

call +4.62% · α +3.29%

$15.69

settled 3mo ago

T+20d

+9.00%

call -9.00% · α -13.41%

$17.93

settled 2mo ago

T+60d

+250.52%

call -250.52% · α -240.43%

$57.66

settled 16d ago

Price Chart

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Executive Summary

Bandwidth CFO Daryl Raiford sold over $600,000 worth of shares in four open-market transactions over the past week, while CEO David Morken gifted 69,355 shares. The CFO's sales represent material insider selling activity, though not yet at a scale that suggests alarm given the company's $492M market cap.

Key Financial Metrics

Direction

selling

Total Value

$693.8K

Insiders

2

Actionable Insight

Monitor for further insider selling, especially from other C-suite executives. The CFO's decision to sell during a period of declining share price may signal lack of confidence in near-term prospects. Check for upcoming earnings or regulatory filings that could catalyze further downside.

Key Facts

CFO Daryl Raiford sold 36,675 shares over four days for total proceeds of $693,774.457
Sales occurred between $15.62 and $16.48 per share, with increasing volume as price declined
CEO David Morken gifted 69,355 shares, a non-cash transaction with no direct financial impact
Total open-market selling by CFO represents ~0.14% of company's $492M market cap
No open-market purchases or grants reported in the cluster

Financial Impact

$693,774 in net insider selling by CFO over 7 days

insider sentimentshareholder dilution risk (low)market perception

Risk Factors

Potential negative signal from CFO selling during price weakness
Lack of offsetting insider buying increases perception of bearish sentiment

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CONTEXT: Insider Cluster Data (5 trades, 7d window)	cluster-BAND-1773346286957

14 reports for BAND

T+1T+5T+20T+60

50% Hit rate 2 of 4 directional calls best @ T+60▲ +304.90%Feb 28, 2026

Filters

Reports for BAND — sortable, filterable
	Type				Now
Jun 3, 2026 9d ago	Insider Cluster NEUTRAL ★ 3/10	$73.19 $72.20	▼ −1.35%	▲ +1.22%	$65.34 (−10.73%)
Jun 1, 2026 11d ago	Insider Cluster NEUTRAL ★ 3/10	$67.87 $65.60	▼ −3.34%	▼ −2.62%	$65.34 (−3.73%)
May 28, 2026 16d ago	144 NEUTRAL ★ 3/10	$57.66 $64.97	▲ +12.68%	▲ +12.44%	$65.34 (+13.32%)
May 12, 2026 4w ago	8-K NEUTRAL ★ 3/10	$51.01 $51.01	· 0.00%	▲ +0.00%	$65.34 (+28.09%)
May 11, 2026 4w ago	Insider Cluster BEARISH ★ 5/10	$49.95 $49.44	▲ +1.02%	▲ +0.88%	$65.34 (−30.81%)
May 5, 2026 5w ago	Insider Cluster NEUTRAL ★ 4/10	$52.10 $53.97	▲ +3.59%	▲ +4.82%	$65.34 (+25.41%)
Apr 30, 2026 6w ago	Insider Cluster NEUTRAL ★ 3/10	$46.45 $48.58	▲ +4.59%	▲ +4.92%	$65.34 (+40.67%)
Apr 30, 2026 6w ago	Insider Cluster NEUTRAL ★ 2/10	$36.81 $44.86	▲ +21.87%	▲ +21.65%	$65.34 (+77.51%)
Apr 17, 2026 8w ago	144 NEUTRAL ★ 3/10	$23.01 $24.13	▲ +4.87%	▲ +5.06%	$65.34 (+183.96%)
Mar 4, 2026 14w ago	Insider Cluster BEARISH ★ 6/10	$16.45 $16.15	▲ +1.82%	▲ +1.25%	$65.34 (−297.20%)

US Market Status

Market Closed — Opens Mon (48h 53m)

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