Asbill Richard Brandon sold ~$4.9M in Bandwidth Inc stock
Bandwidth Inc (BAND) · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
Trade Details · Public SEC Filing
Insider
Asbill Richard Brandon
Role
—
Transaction
Open-Market Sale
Approx. Value
~$4.9M
Trade Date
May 5, 2026
Company
Bandwidth Inc
Ticker
BANDSource
SEC EDGAR Form 4
Why This Trade Stands Out
Strong conviction signal
Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.
~$4.9M sale
Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.
5 insiders traded in the same window
When multiple insiders independently buy within 30 days, it's called a cluster. Studies show clustered insider purchases outperform solo trades significantly, because several people with inside knowledge are reaching the same conclusion.
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Asbill Richard Brandon wasn't the only one selling.
5 insiders at Bandwidth Inc traded within the same 30-day window.
See who else bought · FreeOn May 5, 2026, Asbill Richard Brandon — a corporate insider at Bandwidth Inc — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$4.9M in Bandwidth Inc (BAND) stock.
This transaction was part of a cluster — 5 insiders at Bandwidth Inc made open-market sales within the same 30-day window. Cluster activity from multiple independent insiders is one of the most studied patterns in insider trading research.
Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.
VeritySignals Conviction Analysis
Full Conviction Analysis
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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.
At a Glance
More BAND Insider Activity
Agarwal Devesh
May 20, 2026
~$859K
STRONG
Agarwal Devesh
May 13, 2026
~$613K
STRONG
Bottorff Rebecca
May 12, 2026
~$2.5M
VS
Asbill Richard Brandon
May 4, 2026
~$883K
STRONG
How to Read Insider Trades
What is this?
When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.
Why does it matter?
Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.
What makes a trade "strong"?
We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.
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