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Bandwidth Inc. — Director's Dealing 2023
Dec 1, 2023
32780_dirs_2023-11-30_faae0fd1-6403-4c88-aa12-296a2afd5ed5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2023-11-28
Reporting Person: Bartolo Anthony (Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-11-28 | Class A Common Stock | M | 12057 | — | Acquired | 52227 | Direct |
| 2023-11-29 | Class A Common Stock | S | 5412 | $11.3037 | Disposed | 46815 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-11-28 | Restricted Stock Units | $ | M | 12057 | Disposed | Class A Common Stock (12057) | Direct | |
| 2023-11-28 | Restricted Stock Units | $ | A | 65978 | Acquired | Class A Common Stock (65978) | Direct |
Footnotes
F1: Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on November 28, 2023, pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on March 3, 2023.
F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.27 to $11.35. The reporting person undertakes to provide Bandwidth Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F3: Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F4: On November 28, 2022, the Reporting Person was granted 36,171 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vest in eight equal quarterly installments beginning on February 28, 2024.
F5: On November 28, 2023, the Reporting Person was granted 65,978 Restricted Stock Units, one third of which vest on the first anniversary of the date of grant and the remaining shares vest in eight equal quarterly installments beginning on February 28, 2025.