Filing Details
- Accession Number:
- 0001514416-24-000206
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-12-02 20:09:32
- Reporting Period:
- 2024-11-28
- Accepted Time:
- 2024-12-02 20:09:32
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1514416 | Bandwidth Inc. | BAND | Services-Prepackaged Software (7372) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 2029692 | Devesh Agarwal | C/O Bandwidth Inc. 2230 Bandmate Way Raleigh NC 27607 | Csso And Interim Coo | 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 | 2024-11-28 | 2,153 | $0.00 | 28,369 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2024-11-28 | 15,709 | $0.00 | 44,078 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2024-11-29 | 20 | $22.02 | 44,058 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2024-11-29 | 5,219 | $21.26 | 38,839 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | 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 | 2024-11-28 | 2,153 | $0.00 | 2,153 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2024-11-28 | 15,709 | $0.00 | 15,709 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Acquisiton | 2024-11-28 | 25,023 | $0.00 | 25,023 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 8,612 | No | 4 | M | Direct | ||
| 31,418 | No | 4 | M | Direct | ||
| 25,023 | No | 4 | A | Direct |
Footnotes
- Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on November 28, 2024, pursuant to a Rule 10b5-1 plan 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.
- 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 25,837 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 47,127 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares will vest in eight equal quarterly installments beginning on February 28, 2025.
- On November 28, 2024, the Reporting Person was granted 25,023 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.
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