Raiford Daryl E

Raiford Daryl E, Chief Financial Officer of Bandwidth Inc. (BAND), has demonstrated a consistent pattern of selling company stock over time, with no recorded purchases in SEC filings. Across 45 reported transactions, all were sales, totaling over $3.13 million in aggregate value. The most concentrated selling occurred in March 2026, with eight disposals between March 4 and March 13 amounting to $1.24 million, including single-day sales of $263,308.79 on March 12 and $244,523.58 on March 13. Earlier activity in December 2025 saw four sales totaling $399,882.59, with the largest being a $188,438.84 transaction on December 1. The filings also show smaller periodic sales and stock awards, including multiple transactions classified as "F" (payment of exercise price or tax liability) and "M" (open market or private purchase) with zero dollar values, suggesting the use of equity compensation. Notably, Raiford's trading is exclusively concentrated in Bandwidth stock, with no diversification across other securities. The absence of any buy transactions and the repeated, methodical nature of the sales—particularly the multi-day sequence in March 2026—indicate a sustained reduction in equity exposure rather than short-term portfolio rebalancing. The dollar values per transaction range from under $10,000 to nearly $300,000, reflecting a mix of partial and more substantial disposals over time.