Asbill Richard Brandon 4

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).