Bottorff Rebecca 4

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.