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Filing Details

Accession Number:: 0001514416-24-000209
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-12-02 20:10:05
Reporting Period:: 2024-11-28

Accepted Time:: 2024-12-02 20:10:05
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
1807759	Kade Ross	C/O Bandwidth Inc. 2230 Bandmate Way Raleigh NC 27607	Chief Information 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	1,859	$0.00	41,934	No	4	M	Direct
Class A Common Stock	Acquisiton	2024-11-28	446	$0.00	42,380	No	4	M	Direct
Class A Common Stock	Acquisiton	2024-11-28	13,566	$0.00	55,946	No	4	M	Direct
Class A Common Stock	Disposition	2024-11-29	18	$22.02	55,928	No	4	S	Direct
Class A Common Stock	Disposition	2024-11-29	4,638	$21.26	51,290	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	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	1,859	$0.00	1,859	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-11-28	446	$0.00	446	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-11-28	13,566	$0.00	13,566	$0.00
Class A Common Stock	Restricted Stock Units	Acquisiton	2024-11-28	22,238	$0.00	22,238	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
7,437	No	4	M	Direct
3,123	No	4	M	Direct
27,131	No	4	M	Direct
22,238	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 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.
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 22,311 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 August 28, 2023, the Reporting Person was granted 5,353 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vest in eight quarterly installments beginning on November 28, 2024.
On November 28, 2023, the Reporting Person was granted 40,697 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 22,238 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.