Asbill Richard Brandon 4

What Happened

• Richard Asbill, General Counsel of Bandwidth Inc. (BAND), was granted/converted 13,044 shares (exercise/conversion of a derivative, code M) on 2026-02-20 at $0.00 (value $0 reported for the conversion). To cover tax withholding (code F), 4,053 of those shares were disposed/withheld at $15.12 per share for a total of $61,281. The net issuance to Asbill was 8,991 shares (13,044 acquired − 4,053 withheld).

Key Details

• Transaction date: 2026-02-20; Filing date: 2026-02-23.
• Acquired: 13,044 shares via exercise/conversion (reported at $0.00).
• Withheld/Disposed for taxes: 4,053 shares @ $15.12 = $61,281 (code F).
• Net new shares received: 8,991.
• Footnote: The 13,044 Restricted Stock Units were granted on February 20, 2026 and vested immediately (footnote F1).
• Shares owned after transaction: Not specified in the supplied filing.
• Filing timeliness: The report was filed on 2026-02-23 for a 2026-02-20 transaction; the filing does not indicate it was late.

Context

• This was a compensation-related award (RSUs that vested immediately) rather than an open-market purchase or voluntary sale. The disposition of 4,053 shares was a share-withholding to satisfy tax obligations—a common administrative step that does not necessarily signal the insider's buy/sell sentiment.