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Bandwidth Inc. — Director's Dealing 2024
Jan 22, 2024
32780_dirs_2024-01-22_beeabb74-56e6-4d15-8f9a-3f254d7b3f13.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: 2024-01-18
Reporting Person: Asbill Richard Brandon (General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-18 | Class A Common Stock | M | 1452 | — | Acquired | 18186 | Direct |
| 2024-01-19 | Class A Common Stock | S | 503 | $13.2089 | Disposed | 17683 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-18 | Restricted Stock Units | $ | M | 1452 | Disposed | Class A Common Stock (1452) | Direct |
Footnotes
F1: Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on January 18, 2024, 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 sold in multiple transactions at prices ranging from $13.175 to $13.265. 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 sold 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 January 18, 2021, the Reporting Person was granted 5,811 Restricted Stock Units, which vest in four annual installments beginning on January 18, 2022.