Krupka Devin M 4

What Happened
Devin M. Krupka, Controller of Bandwidth Inc. (BAND), converted vested restricted stock units (RSUs) into 4,292 shares on 2026-02-28 (2,775 and 1,517 shares from two grants). The RSUs converted at $0.00 (no exercise price). To cover tax withholding, 1,218 of those shares were withheld at $14.82 per share, equal to $18,051. The RSUs were cancelled upon conversion (recorded as derivative dispositions). Net new shares issued to Krupka = 4,292 − 1,218 = 3,074 shares.

Key Details

• Transaction date: 2026-02-28; Form 4 filed 2026-03-02 (filed within the standard reporting window).
• Conversion (code M): 2,775 and 1,517 RSUs converted into common shares; acquisition price $0.00.
• Tax withholding (code F): 1,218 shares withheld at $14.82/share = $18,051.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 notes each RSU = one share; F2/F3 describe the original RSU grants (Nov 28, 2023 and Nov 28, 2024) and vesting schedules that produced this vesting event.
• Interpretation of codes: M = conversion/exercise of derivative (RSU → common stock); F = shares withheld to satisfy tax liability.

Context
This was a routine RSU vesting and tax-withholding event, not an open-market sale or purchase. RSU conversions and withholding to cover taxes are common and do not by themselves indicate insider buying or selling sentiment.