Hoffman Jeffrey A. 4
4 · Bandwidth Inc. · Filed Apr 2, 2021
Insider Transaction Report
Form 4
Bandwidth Inc.BAND
Hoffman Jeffrey A.
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-03-31−527→ 3,689 total→ Class A Common Stock (527 underlying) - Exercise/Conversion
Class A Common Stock
2021-03-31+527→ 14,616 total - Tax Payment
Class A Common Stock
2021-03-31$126.74/sh−236$29,911→ 14,380 total
Footnotes (3)
- [F1]This filing relates to the occurrence of a RSU vesting event and associated withholding of shares by the Company to cover the Reporting Person's tax obligations. The shares of Class A Common Stock reported herein remain subject to a lock-up agreement with the initial purchasers of $250 million principal amount of 0.50% convertible senior notes due 2028.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]On January 2, 2021, the Reporting Person was granted 4,216 Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2021, and the remainder vest in three equal annual installments beginning on January 2, 2023.