Filing Details

Accession Number:
0001514416-24-000166
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-09-03 19:56:26
Reporting Period:
2024-08-30
Accepted Time:
2024-09-03 19:56:26
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1514416 Bandwidth Inc. BAND () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1405026 Daryl Raiford C/O Bandwidth Inc.
2230 Bandmate Way
Raleigh NC 27607
Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2024-08-30 10,602 $0.00 75,896 No 4 M Direct
Class A Common Stock Disposition 2024-09-03 4,350 $16.97 71,546 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Units Disposition 2024-08-30 10,602 $0.00 10,602 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
74,215 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 1,625 Indirect By IRA
Footnotes
  1. Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on August 30, 2024, pursuant to a Rule 10b5-1 instruction letter adopted by the Reporting Person on March 3, 2023 related solely to tax obligations associated with awards received in connection with Bandwidth Inc. (the "Company") equity compensation programs.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.90 to $17.07. The Reporting Person undertakes to provide 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.
  3. Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
  4. On May 30, 2023, the Reporting Person was granted 127,226 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 August 30, 2024.