Bandwidth (BAND) CPO Rebecca Bottorff Sells Shares After RSU Conversions

What Happened
Rebecca Bottorff, Chief People Officer and a director at Bandwidth (BAND), converted 7,797 restricted stock units into shares on Aug 28, 2026 (no cash paid). The filing shows those converted shares listed as disposed at $0 (common when shares are withheld to satisfy tax obligations). On Aug 31, 2026 she sold 1,587 shares at a weighted average price of $48.82 (proceeds $77,481) and 1,126 shares at a weighted average price of $49.60 (proceeds $55,852), for total cash proceeds of about $133,333.

Key Details

• Transaction dates: conversions on 2026-08-28; open-market sales on 2026-08-31.
• Sale prices/ranges: 1,587 shares at weighted avg $48.82 (prices ranged $48.29–$49.28) (F1); 1,126 shares at weighted avg $49.60 (prices ranged $49.33–$49.6351) (F2).
• Converted shares: 1,487 + 4,121 + 2,189 = 7,797 RSUs converted (M code; F3 explains each RSU = 1 share).
• Grants referenced: RSU grants from 2023 and 2024 (F4–F6 describe grant amounts and vesting schedules).
• Shares owned after transaction: not specified in the provided extract of the Form 4; see the full filing for current holdings.
• Filing timeliness: Form 4 filed 2026-09-01 reporting trades through 2026-08-31; no late-filing flag indicated in the provided data.

Context

• M-coded entries here reflect conversion of restricted stock units (RSUs) into shares rather than a cash purchase. The matching $0 disposed entries are commonly how filings show shares withheld/retired to cover taxes.
• The open-market sales generated proceeds and are typically liquidity events; sales do not necessarily signal a change in view on the company.