Raiford Daryl E 4

What Happened

• Daryl E. Raiford, Chief Financial Officer of Bandwidth Inc. (BAND), received/settled 23,402 restricted stock units (RSUs) that vested immediately on February 20, 2026. The conversion/settlement is reported as an exercise/conversion of a derivative (code M) at $0.00 per share.
• To cover withholding obligations, 5,912 shares were surrendered (code F) at $15.12 per share, totaling $89,389. This withholding is a tax-related disposition, not an open-market sale.

Key Details

• Transaction date: February 20, 2026; filing date: February 23, 2026.
• RSUs settled/converted: 23,402 shares acquired at $0.00.
• Shares withheld for taxes: 5,912 shares disposed at $15.12, value $89,389.
• Footnote: On Feb 20, 2026 the reporting person was granted 23,402 RSUs, all of which vested immediately (footnote F1).
• Shares owned after the transaction: Not specified in the provided excerpt.
• Filing timeliness: Report filed Feb 23, 2026 (no late filing indicated in provided data).

Context

• This is an award/settlement event: RSUs vested and converted into common shares. The withholding of 5,912 shares was to satisfy tax liability (routine), not a market sale indicating a change in sentiment.
• For retail investors, awards and their associated withholdings are common compensation mechanics; they increase insider ownership but often include share retention by the company to pay taxes.