Bottorff Rebecca 4
4 · Bandwidth Inc. · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
Bandwidth (BAND) CPO Rebecca Bottorff Exercises RSUs, Sells 2,176 Shares
What Happened
- Rebecca Bottorff, Chief People Officer and director of Bandwidth Inc. (BAND), had derivative conversions (reported as “M”) on May 28, 2026 that resulted in the acquisition of 7,796 shares at $0.00 (conversion of restricted stock units). On May 29, 2026 she sold 2,176 shares in open-market transactions for total proceeds of approximately $128,047 (sales at weighted-average prices of $58.37, $59.48 and $60.00 for the three sale blocks).
Key Details
- Transaction dates: May 28, 2026 (conversion/exercise of derivatives/RSUs); May 29, 2026 (open-market sales).
- Sale proceeds: ~$128,047 total (1,243 shares at ~$58.37 = $72,553; 929 shares at ~$59.48 = $55,254; 4 shares at $60.00 = $240). Weighted-average price notes: one block ranged $57.88–$58.88 (F1); another ranged $58.89–$59.75 (F2).
- Derivative entries: three conversions of 1,487; 4,121; and 2,188 shares recorded as acquired at $0.00 and also listed as disposed as derivatives (reflecting RSU conversion/settlement).
- Shares owned after the transactions are not specified in the filing.
- Filing: Form 4 filed June 1, 2026, reporting the May 28–29 activity (no late‑filing flag provided in the filing).
Context
- The “M” codes and footnotes indicate these were Restricted Stock Units (RSUs) converting into one share per RSU (F3) from grants made in Aug/Nov 2023 and Nov 2024 with staggered vesting schedules (F4–F6). Converting RSUs at $0 and then selling some shares is common to cover taxes or to monetize vested awards; the filing shows a conversion followed by partial open‑market sales, not an outright cash purchase.
- This activity is largely routine insider vesting and partial liquidation; purchases (which can signal added confidence) are not present in this filing.
Insider Transaction Report
Form 4
Bandwidth Inc.BAND
Bottorff Rebecca
DirectorChief People Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2026-05-28+1,487→ 1,487 total - Exercise/Conversion
Class A Common Stock
2026-05-28+4,121→ 5,608 total - Exercise/Conversion
Class A Common Stock
2026-05-28+2,188→ 7,796 total - Sale
Class A Common Stock
[F1]2026-05-29$58.37/sh−1,243$72,553→ 6,553 total - Sale
Class A Common Stock
[F2]2026-05-29$59.48/sh−929$55,254→ 5,624 total - Sale
Class A Common Stock
2026-05-29$60.00/sh−4$240→ 5,620 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-05-28−1,487→ 1,487 total→ Class A Common Stock (1,487 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F5]2026-05-28−4,121→ 8,242 total→ Class A Common Stock (4,121 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6]2026-05-28−2,188→ 13,129 total→ Class A Common Stock (2,188 underlying)
Footnotes (6)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.88 to $58.88. The Reporting Person undertakes to provide Bandwidth Inc. (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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.89 to $59.75. 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 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 equal quarterly installments beginning on November 28, 2024.
- [F5]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.
- [F6]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|2026-06-01