Asbill Richard Brandon 4
4 · Bandwidth Inc. · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
Bandwidth (BAND) General Counsel Asbill Sells 1,781 Shares
What Happened
- Richard Brandon Asbill, General Counsel of Bandwidth Inc. (BAND), converted 6,382 derivative awards (reported as "M" — exercise/conversion) into common shares on 2026-05-28 at $0 cost (these were Restricted Stock Units per footnotes). He then sold 1,781 shares in open-market transactions on 2026-05-29 for total proceeds of about $104,804 (sales: 1,017 shares at a weighted avg $58.37, 761 shares at a weighted avg $59.48, and 3 shares at $60.00).
- The conversion entries also show corresponding derivative dispositions (zero proceeds) reflecting the conversion of RSUs into underlying shares.
Key Details
- Transaction dates: conversion on 2026-05-28; open-market sales on 2026-05-29; Form 4 filed 2026-06-01 (timely).
- Sale price detail: 1,017 shares sold at weighted avg $58.37 (individual prices ranged $57.88–$58.88; see footnote F1); 761 shares sold at weighted avg $59.48 (prices ranged $58.89–$59.75; see footnote F2); plus 3 shares at $60.00.
- Total proceeds from sales: approximately $104,804.
- Shares owned after the transactions: not specified in the provided filing details.
- Notable footnotes: F3–F5 indicate these were Restricted Stock Units (1 RSU = 1 share) from grants on 11/28/2023 and 11/28/2024 with specified vesting schedules.
Context
- The filings show a conversion of vested RSUs into common shares (code M) followed by an immediate open-market sale of a portion of those shares the next day. This pattern commonly occurs when vested equity is converted and some shares are sold; the filing does not state the insider's motivation.
- Filing appears timely (Form 4 filed within the required reporting window).
Insider Transaction Report
Form 4
Bandwidth Inc.BAND
Asbill Richard Brandon
General Counsel
Transactions
- Exercise/Conversion
Class A Common Stock
2026-05-28+4,169→ 31,782 total - Exercise/Conversion
Class A Common Stock
2026-05-28+2,213→ 33,995 total - Sale
Class A Common Stock
[F1]2026-05-29$58.37/sh−1,017$59,362→ 32,978 total - Sale
Class A Common Stock
[F2]2026-05-29$59.48/sh−761$45,262→ 32,217 total - Sale
Class A Common Stock
2026-05-29$60.00/sh−3$180→ 32,214 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-05-28−4,169→ 8,337 total→ Class A Common Stock (4,169 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F5]2026-05-28−2,213→ 13,281 total→ Class A Common Stock (2,213 underlying)
Footnotes (5)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.88 to $58.88. The Reporting Person undertakes to provide Bandwidth Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.89 to $59.75. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F4]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.
- [F5]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.
Signature
/s/ Leah Webb, Attorney-in-Fact for R. Brandon Asbill|2026-06-01