Asbill Richard Brandon 4
4 · Bandwidth Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Bandwidth (BAND) GC Richard Asbill Exercises RSUs, Sells Shares
What Happened
Richard Brandon Asbill, General Counsel of Bandwidth Inc. (BAND), had vested restricted stock units convert into common shares on Feb 28, 2026. The filing reports conversion (code M) of 4,168 and 2,213 RSUs (total 6,381 shares) at $0.00 per share and a disposition (code F) of 1,816 shares withheld to satisfy tax withholding at $14.82 per share, totaling $26,913. Net shares issued to Asbill after the withholding are 4,565 shares. This appears to be a routine vesting/conversion with shares withheld for taxes rather than an open-market sale.
Key Details
- Transaction date: 2026-02-28; Form 4 filed 2026-03-02 (timely filing).
- Conversions: 4,168 + 2,213 = 6,381 shares acquired via RSU conversion (code M) at $0.00.
- Withholding: 1,816 shares disposed (code F) at $14.82 each = $26,913 to cover tax liability.
- Net shares received after withholding: 4,565 shares.
- Shares owned after transaction: not specified in this Form 4.
- Footnotes: F1 notes each RSU converts to one share; F2 and F3 describe original RSU grants (50,023 RSUs on 11/28/2023 and 26,561 RSUs on 11/28/2024) and their vesting schedules.
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability via share withholding.
Context
This transaction reflects RSU vesting and customary tax withholding (a cashless-withholding style disposition), which is routine for equity awards and does not necessarily indicate a buy/sell sentiment by the insider. There is no indication of an open-market sale beyond the tax withholding.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-02-28+4,168→ 77,216 total - Exercise/Conversion
Class A Common Stock
2026-02-28+2,213→ 79,429 total - Tax Payment
Class A Common Stock
2026-02-28$14.82/sh−1,816$26,913→ 77,613 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-28−4,168→ 12,506 total→ Class A Common Stock (4,168 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-28−2,213→ 15,494 total→ Class A Common Stock (2,213 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of Bandwidth Inc. Class A Common Stock.
- [F2]On November 28, 2023, the Reporting Person was granted 50,023 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.
- [F3]On November 28, 2024, the Reporting Person was granted 26,561 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.