4//SEC Filing
Morken David A. 4
Accession 0001721962-25-000003
CIK 0001514416other
Filed
Sep 1, 8:00 PM ET
Accepted
Sep 2, 4:34 PM ET
Size
13.0 KB
Accession
0001721962-25-000003
Insider Transaction Report
Form 4
Bandwidth Inc.BAND
Morken David A.
DirectorChairman & CEO
Transactions
- Exercise/Conversion
Class A Common Stock
2025-08-28+4,236→ 11,200 total - Exercise/Conversion
Restricted Stock Units
2025-08-28−7,728→ 38,635 total→ Class A Common Stock (7,728 underlying) - Exercise/Conversion
Class A Common Stock
2025-08-28+7,728→ 18,928 total - Sale
Class A Common Stock
2025-08-29$15.09/sh−5,224$78,805→ 13,704 total - Exercise/Conversion
Restricted Stock Units
2025-08-28−4,236→ 4,236 total→ Class A Common Stock (4,236 underlying)
Footnotes (5)
- [F1]Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on August 28, 2025, 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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.87 to $15.1947. 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.
- [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 50,834 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.
- [F5]On November 28, 2023, the Reporting Person was granted 92,725 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, 2025.
Documents
Issuer
Bandwidth Inc.
CIK 0001514416
Entity typeother
Related Parties
1- filerCIK 0001721962
Filing Metadata
- Form type
- 4
- Filed
- Sep 1, 8:00 PM ET
- Accepted
- Sep 2, 4:34 PM ET
- Size
- 13.0 KB