Ross Kade 4

What Happened

Ross Kade, Chief Information Officer of Bandwidth Inc. (BAND), was granted 10,976 restricted stock units (RSUs) that vested immediately on February 20, 2026. Those RSUs converted to 10,976 shares (reported as an exercise/conversion, code M, at $0.00). To satisfy tax withholding, 3,546 of those shares were surrendered (reported as disposition, code F) at $15.12 per share, generating a withholding value of $53,616.

Key Details

• Transaction date: February 20, 2026; Form 4 filed February 23, 2026.
• Acquired: 10,976 shares via conversion/vesting (reported at $0.00 per share).
• Disposed (tax withholding): 3,546 shares at $15.12 each = $53,616.
• Footnote: The filing states 10,976 RSUs were granted and immediately vested (see footnote F1).
• Shares owned after the transaction: not specified in the information provided in this summary.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).

Context

This was an award/vesting event, not an open-market purchase or sale initiated as an investment decision. Immediate withholding of shares to cover tax obligations is a routine administrative step and does not necessarily signal confidence or concern about the company’s outlook. Always check the full Form 4 filing on the SEC EDGAR site for complete ownership details and any additional footnotes.