BAND — what changed in the latest 10-Q
A section-by-section comparison of BAND's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-29 vs the prior 10-Q · 2026-07-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +48 | −39 | ~23 | 46 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~4 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 3 |
| Risk factors | Some risk factors updated | 0 | 0 | ~19 | 374 |
| Other information | Text added/removed | +2 | −3 | ~2 | 2 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-29
Retirement of 2026 Convertible Notes and Repurchase of 2028 Convertible Notes
On March 1, 2026, the 2026 Convertible Notes matured and the related 2026 Capped Calls expired. The aggregate remaining outstanding principal amount of $8 million of 2026 Convertible Notes, along with all accrued and unpaid interest, was settled in full in cash. As of September 30, 2026, no 2026 Con…
During August 2026, we repurchased approximately $21 million aggregate principal amount of the 2028 Convertible Notes in open market transactions (the “Open Market Repurchases”) for an aggregate cash price of approximately $20 million.
In the aggregate, the difference between the consideration used for the Privately Negotiated Repurchases and Open Market Repurchases and the carrying value of the 2028 Convertible Notes resulted in a gain of $13 million recorded within net gain on extinguishment of debt on our condensed consolidated…
On June 18, 2026, we issued $316 million aggregate principal amount of 0% Convertible Notes due July 1, 2032 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act (the “2032 Convertible Notes”). The total net proceeds from the 2032 Convertible Notes,…
Text removed vs the prior filing · source: 10-Q · 2026-07-29
On March 1, 2026, the 2026 Convertible Notes matured and the related 2026 Capped Calls expired. The aggregate remaining outstanding principal amount of $8 million of 2026 Convertible Notes, along with all accrued and unpaid interest, was settled in full in cash. As of June 30, 2026, no 2026 Converti…
During March 2026, we entered into separate, privately negotiated repurchase agreements with a limited number of holders of the 2028 Convertible Notes (the “March 2026 Repurchases”) to repurchase approximately $100 million aggregate principal amount of the 2028 Convertible Notes for an aggregate cas…
In the aggregate, the difference between the consideration used for the March 2026 Repurchases and June 2026 Repurchases, and the carrying value of the 2028 Convertible Notes resulted in a gain of $12 million recorded within net gain on extinguishment of debt on our condensed consolidated statements…
On June 18, 2026, we issued $316 million aggregate principal amount of 0% Convertible Notes due July 1, 2032 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act (the “2032 Convertible Notes”). The total net proceeds from the 2032 Convertible Notes,…
For the three months ended June 30, 2026 and 2025, our effective tax rate was 693.8% and (2.8)%, respectively. For the three months ended June 30, 2026 and 2025, our income tax benefit was $3 million and our income tax expense was less than $1 million, respectively. The increase in tax benefit is pr…
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-29
Covers the sale of up to (i) 56,135 shares of Class B common stock held by David A. Morken at prices ranging from $100.00 to $150.00 per share, and (ii) 1,093,740 shares of Class B common stock held by Hazel-Rah III, LLC at prices ranging from $150.00 to $600.00 per share.
(1) In accordance with Rule 10b5-1(c)(1)(ii)(D), trading under this arrangement will not commence until all trades under the executive’s prior Rule 10b5-1 trading arrangement, adopted on June 3, 2026, are fully completed or expire without execution, and the applicable regulatory cooling-off period h…
Text removed vs the prior filing · source: 10-Q · 2026-07-29
Covers the sale of up to 7,500 shares of Class A common stock.
(1) On June 3, 2026, the stock trading plan pursuant to Rule 10b5-1, adopted by Mr. Raiford on December 3, 2025, was modified.
On May 15, 2026, the stock trading plan pursuant to Rule 10b5-1, adopted by Mr. Morken, our Chief Executive Officer, on May 21, 2025, automatically terminated pursuant to its terms.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice