Bottorff Rebecca 4

4 · Bandwidth Inc. · Filed Mar 2, 2026

AI-generated summary of this filing

Updated Mar 2, 2026

Bandwidth (BAND) CPO Rebecca Bottorff Exercises RSUs, Sells Shares

What Happened

Rebecca Bottorff, Chief People Officer and director of Bandwidth Inc. (BAND), had restricted stock units (RSUs) convert into 7,796 shares on February 28, 2026. The conversion shows an exercise/ conversion price of $0.00 (typical for RSUs).
To satisfy tax withholding, 2,219 of those shares were withheld/disposed at $14.82 per share, totaling $32,886. The remaining shares were delivered to the reporting person.

Key Details

Transaction date: February 28, 2026; Form 4 filed March 2, 2026 (no late filing indicated in the information provided).
Conversion: 7,796 shares acquired via exercise/conversion (reported as derivative code M) at $0.00.
Tax withholding: 2,219 shares withheld/disposed (code F) at $14.82 per share for $32,886.
Shares owned after transaction: not specified in the supplied filing details.
Footnotes: F1–F4 show these were Restricted Stock Units (1 RSU = 1 share) from grants on Aug 28, 2023 (17,844 RSUs), Nov 28, 2023 (49,451 RSUs), and Nov 28, 2024 (26,257 RSUs) with customary vesting schedules (one-third at year 1, remainder quarterly).

Context

This was a routine RSU vest and tax-withholding action (a common "cashless" method of covering withholding obligations), not an open-market sale for cash. Derivative code M denotes conversion/exercise and code F denotes shares withheld to cover taxes.
Such withholding transactions are administrative and do not necessarily indicate a buy or sell signal about the insider's view of the company.

Form 4

Period: 2026-02-28

DirectorChief People Officer

Transactions

Exercise/Conversion
Class A Common Stock
2026-02-28+1,487→ 64,662 total
Exercise/Conversion
Class A Common Stock
2026-02-28+4,121→ 68,783 total
Exercise/Conversion
Class A Common Stock
2026-02-28+2,188→ 70,971 total
Tax Payment
Class A Common Stock
2026-02-28$14.82/sh−2,219$32,886→ 68,752 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-28−1,487→ 2,974 total
→ Class A Common Stock (1,487 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-02-28−4,121→ 12,363 total
→ Class A Common Stock (4,121 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-02-28−2,188→ 15,317 total
→ Class A Common Stock (2,188 underlying)

Footnotes (4)

[F1]Each Restricted Stock Unit represents a contingent right to receive one share of Bandwidth Inc. Class A Common Stock.
[F2]On August 28, 2023, the Reporting Person was granted 17,844 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vest in eight quarterly installments beginning on November 28, 2024.
[F3]On November 28, 2023, the Reporting Person was granted 49,451 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.
[F4]On November 28, 2024, the Reporting Person was granted 26,257 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, 2026.

Signature

/s/ Leah Webb, Attorney-in-Fact for Rebecca Bottorff|2026-03-02

1 file