Bandwidth (BAND) GC Richard Asbill Sells 1,832 Shares

What Happened

• Richard Asbill, General Counsel of Bandwidth Inc. (BAND), had restricted stock units convert to shares on 2026-08-28 (6,382 shares reported as acquired at $0.00). The filing also shows those 6,382 derivative shares were recorded as disposed on 2026-08-28. Separately, Asbill sold 1,072 shares on 2026-08-31 at a weighted average price of $48.82 ($52,338) and 760 shares on 2026-08-31 at a weighted average price of $49.60 ($37,698), for total proceeds of about $90,036. These transactions are dispositions (sales), not purchases.

Key Details

• Transaction dates: RSU conversions/derivative dispositions on 2026-08-28; open-market sales on 2026-08-31.
• Sale details and price ranges:
  • 1,072 shares sold at weighted avg $48.82 (individual prices ranged $48.29–$49.28). (Footnote F1)
  • 760 shares sold at weighted avg $49.60 (individual prices ranged $49.33–$49.6351). (Footnote F2)
• Converted shares: 4,168 and 2,214 RSUs converted to common stock on 2026-08-28 (reported acquisition price $0.00). (Footnotes F3–F5 describe that each RSU equals one share and the original grant and vesting schedules.)
• Shares owned after the reported transactions: Not specified in the provided filing.
• Filing: Report filed 2026-09-01 (no late-filing note indicated in the provided data).

Context

• The 6,382 acquired shares are from Restricted Stock Units (RSUs). Footnotes confirm the RSU grants (Nov 28, 2023 and Nov 28, 2024) and their vesting schedules. The filing records both the conversion/acquisition of RSU-derived shares and subsequent dispositions; separate open-market sales on 8/31 generated the ~$90k in proceeds. These are routine insider dispositions documented on Form 4 and do not, by themselves, indicate management intent or company outlook.