Bartolo Anthony 4
4 · Bandwidth Inc. · Filed Mar 1, 2024
Insider Transaction Report
Form 4
Bandwidth Inc.BAND
Bartolo Anthony
Chief Operating Officer
Transactions
- Sale
Class A Common Stock
2024-02-29$19.75/sh−990$19,557→ 48,839 total - Exercise/Conversion
Restricted Stock Units
2024-02-28−3,014→ 21,100 total→ Class A Common Stock (3,014 underlying) - Exercise/Conversion
Class A Common Stock
2024-02-28+3,014→ 49,829 total
Footnotes (4)
- [F1]Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on February 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 the Issuer's equity compensation programs.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.60 to $19.82. The Reporting Person undertakes to provide Bandwidth Inc. (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.
- [F3]Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F4]On November 28, 2022, the Reporting Person was granted 36,171 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.