Bottorff Rebecca 4

What Happened

Rebecca Bottorff, Chief People Officer and director of Bandwidth Inc. (BAND), was granted 12,830 Restricted Stock Units (RSUs) that vested immediately on February 20, 2026. The filing reports conversion/acquisition of 12,830 shares at $0.00 (code M). To satisfy tax withholding, 4,038 shares were surrendered/disposed at $15.12 per share, totaling approximately $61,055 (code F). Net shares retained from the award: 8,792 (12,830 granted − 4,038 withheld).

Key Details

• Transaction date: February 20, 2026.
• Acquisition (code M): 12,830 shares @ $0.00 (conversion/vesting of RSUs).
• Disposal for tax withholding (code F): 4,038 shares @ $15.12 = $61,055.
• Net new shares to insider: 8,792.
• Footnote: The 12,830 RSUs were granted and vested immediately (footnote F1).
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing date: February 23, 2026 — no late filing indication in the data provided.

Context

• Code M here reflects conversion/exercise of a derivative instrument; in this case RSUs converting to common shares with no cash exercise price.
• Code F denotes shares withheld/disposed to cover tax withholding — a routine administrative step, not an open-market sale driven by investment decisions.
• This is an award/vesting event (not a market purchase or voluntary sale), so it signals compensation realization rather than a direct buy/sell sentiment.