Devesh Agarwal, Chief Operating Officer of Bandwidth Inc. (NASDAQ: BAND), filed a Form 4 on August 10, 2026, disclosing the vesting of restricted stock units and a subsequent sale of Class A Common Stock on August 8 and August 10, 2026.

Key Highlights

  • RSU vesting: Agarwal acquired 7,370 shares of Class A Common Stock on August 8, 2026, through the conversion of restricted stock units at $0 per share (transaction code M).
  • Share sale: Agarwal disposed of 3,173 shares on August 10, 2026, at a weighted average price of $50.4528 per share (transaction code S).
  • Price range: The shares sold in multiple transactions at prices ranging from $50.085 to $51.02, according to the filing.
  • Remaining ownership: Following both transactions, Agarwal directly holds 72,776 shares of Class A Common Stock.
  • Original grant: The filing states the underlying RSUs were granted on August 8, 2022, covering 29,481 restricted stock units that vested in four equal annual installments beginning August 8, 2023.

Bandwidth Inc. COO Devesh Agarwal Discloses RSU Conversion and Stock Sale

According to the Form 4 filed with the SEC on August 10, 2026, Devesh Agarwal, serving as Chief Operating Officer of Bandwidth Inc., reported two transactions in the company's Class A Common Stock. On August 8, 2026, Agarwal acquired 7,370 shares through the vesting of restricted stock units at a conversion price of $0, bringing his directly held position to 75,949 shares following that transaction.

The filing further discloses that on August 10, 2026, Agarwal sold 3,173 shares at a weighted average price of $50.4528. The filing notes these shares were sold across multiple transactions at prices ranging from $50.085 to $51.02, and states that the reporting person will provide full details on shares sold at each separate price upon request to Bandwidth Inc., any security holder, or the SEC staff. After this disposal, Agarwal's direct beneficial ownership stood at 72,776 shares of Class A Common Stock.

The restricted stock units involved in the August 8, 2026 vesting originated from a grant made on August 8, 2022, according to the filing. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The filing states that the original grant covered 29,481 restricted stock units, vesting in four equal annual installments beginning August 8, 2023. The Form 4 was signed by Leah Webb as attorney-in-fact for Devesh Agarwal and dated August 10, 2026.

What Was Disclosed

The filing reports the vesting of 7,370 restricted stock units into Class A Common Stock on August 8, 2026, and the subsequent sale of 3,173 shares on August 10, 2026, at a weighted average price of $50.4528, leaving Agarwal with direct ownership of 72,776 shares.