Suriano Douglas A 4

What Happened

• Douglas A. Suriano, a director of Bandwidth Inc. (BAND), had 3,333 restricted stock units (RSUs) convert into 3,333 shares on February 28, 2026 (reported as a derivative exercise/conversion). The filing also shows an immediate disposition of the same 3,333 shares on the same date. The reported exercise/conversion price is $0.00 (RSUs have no exercise price); the filing does not report a cash value for the transactions.

Key Details

• Transaction date: 2026-02-28; Report filed: 2026-03-02 (appears timely).
• Reported entries: 3,333 shares acquired via conversion (code M) at $0.00; 3,333 shares disposed (code M/Derivative) at $0.00.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes: F1 — Each Restricted Stock Unit represents a contingent right to receive one share of Bandwidth Class A common stock. F2 — On Nov 28, 2025, Suriano was granted 13,333 RSUs vesting in four equal quarterly installments beginning Feb 28, 2026.
• No 10b5-1 plan, tax-withholding detail, or explicit reason for the same-day disposition is stated in the filing.

Context

• This was a conversion/settlement of RSUs (derivative conversion), not an open-market purchase. The simultaneous acquisition and disposal resulted in no net increase in shares reported in this transaction set; the filing does not specify whether the disposition was for tax withholding, sale, or another purpose.