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Filing Details

Accession Number:: 0001514416-24-000205
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-12-02 20:09:22
Reporting Period:: 2024-11-28

Accepted Time:: 2024-12-02 20:09:22
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2024-11-28	3,141	$0.00	74,687	No	4	M	Direct
Class A Common Stock	Acquisiton	2024-11-28	22,922	$0.00	97,609	No	4	M	Direct
Class A Common Stock	Disposition	2024-11-29	40	$22.02	97,569	No	4	S	Direct
Class A Common Stock	Disposition	2024-11-29	10,349	$21.26	87,220	No	4	S	Direct
Class A Common Stock	Acquisiton	2024-11-30	10,602	$0.00	97,822	No	4	M	Direct
Class A Common Stock	Disposition	2024-12-02	4,371	$20.70	93,451	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Restricted Stock Units	Disposition	2024-11-28	3,141	$0.00	3,141	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-11-28	22,922	$0.00	22,922	$0.00
Class A Common Stock	Restricted Stock Units	Acquisiton	2024-11-28	74,040	$0.00	74,040	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-11-30	10,602	$0.00	10,602	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
12,567	No	4	M	Direct
45,845	No	4	M	Direct
74,040	No	4	A	Direct
63,613	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

Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on November 28, 2024 and November 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.87 to $21.78. 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.64 to $20.77. 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.
Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
On November 28, 2022, the Reporting Person was granted 37,700 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.
On November 28, 2023, the Reporting Person was granted 68,767 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, 2025.
On November 28, 2024, the Reporting Person was granted 74,040 Restricted Stock Units, one third of which vest on the first anniversary of the date of grant and the remaining shares will vest in eight equal quarterly installments beginning on February 28, 2026.
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.