4//SEC Filing
Morken David A. 4
Accession 0001721962-25-000007
CIK 0001514416other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 4:54 PM ET
Size
19.0 KB
Accession
0001721962-25-000007
Insider Transaction Report
Form 4
Bandwidth Inc.BAND
Morken David A.
DirectorChairman & CEO
Transactions
- Exercise/Conversion
Class A Common Stock
2025-11-28+4,236→ 17,940 total - Exercise/Conversion
Class A Common Stock
2025-11-28+7,727→ 25,667 total - Exercise/Conversion
Class A Common Stock
2025-11-28+16,411→ 42,078 total - Sale
Class A Common Stock
2025-12-01$14.06/sh−12,584$176,964→ 29,494 total - Exercise/Conversion
Restricted Stock Units
2025-11-28−4,236→ 0 total→ Class A Common Stock (4,236 underlying) - Exercise/Conversion
Restricted Stock Units
2025-11-28−7,727→ 30,908 total→ Class A Common Stock (7,727 underlying) - Exercise/Conversion
Restricted Stock Units
2025-11-28−16,411→ 32,823 total→ Class A Common Stock (16,411 underlying) - Award
Restricted Stock Units
2025-11-28+493,867→ 493,867 total→ Class A Common Stock (493,867 underlying)
Footnotes (7)
- [F1]Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on November 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 $13.93 to $14.29. 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 vested 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.
- [F6]On November 28, 2024, the Reporting Person was granted 49,234 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares will vest in eight equal quarterly installments beginning on February 28, 2026.
- [F7]On November 28, 2025, the Reporting Person was granted 493,867 Restricted Stock Units, one third of which vest on the first anniversary of the date of grant and the remaining shares will vest in eight equal quarterly installments beginning on February 28, 2027.
Documents
Issuer
Bandwidth Inc.
CIK 0001514416
Entity typeother
Related Parties
1- filerCIK 0001721962
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 4:54 PM ET
- Size
- 19.0 KB