Filing Details

Accession Number:
0001514416-24-000007
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-01-04 20:51:29
Reporting Period:
2024-01-02
Accepted Time:
2024-01-04 20:51:29
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1514416 Bandwidth Inc. BAND Services-Prepackaged Software (7372) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1721962 A. David Morken C/O Bandwidth Inc.
2230 Bandmate Way
Raleigh NC 27607
Chairman & Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2024-01-02 2,102 $0.00 47,169 No 4 M Direct
Class A Common Stock Acquisiton 2024-01-02 4,632 $0.00 51,801 No 4 M Direct
Class A Common Stock Acquisiton 2024-01-02 1,021 $0.00 52,822 No 4 M Direct
Class A Common Stock Acquisiton 2024-01-02 2,535 $0.00 55,357 No 4 M Direct
Class A Common Stock Acquisiton 2024-01-03 2,916 $0.00 58,273 No 4 M Direct
Class A Common Stock Acquisiton 2024-01-03 5,487 $0.00 63,760 No 4 M Direct
Class A Common Stock Disposition 2024-01-03 3,790 $13.63 59,970 No 4 S Direct
Class A Common Stock Disposition 2024-01-04 2,580 $13.52 57,390 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Units Disposition 2024-01-02 2,102 $0.00 2,102 $0.00
Class A Common Stock Restricted Stock Units Disposition 2024-01-02 4,632 $0.00 4,632 $0.00
Class A Common Stock Restricted Stock Units Disposition 2024-01-02 1,021 $0.00 1,021 $0.00
Class A Common Stock Restricted Stock Units Disposition 2024-01-02 2,535 $0.00 2,535 $0.00
Class A Common Stock Restricted Stock Units Disposition 2024-01-03 2,916 $0.00 2,916 $0.00
Class A Common Stock Restricted Stock Units Disposition 2024-01-03 5,487 $0.00 5,487 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
0 No 4 M Direct
1,021 No 4 M Direct
2,536 No 4 M Direct
5,835 No 4 M Direct
10,972 No 4 M Direct
Footnotes
  1. Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on January 2 and 3, 2024, pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on March 3, 2023.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.61 to $13.64. 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 (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.43 to $13.59. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  4. Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
  5. On January 2, 2020, the Reporting Person was granted 12,613 Restricted Stock Units, half of which vested in four equal quarterly installments beginning on March 31, 2020, and the remainder vested in three equal annual installments beginning on January 2, 2022.
  6. On January 2, 2020, the Reporting Person was granted 18,530 Restricted Stock Units, which vested in four equal annual installments beginning on January 2, 2021.
  7. On January 2, 2021, the Reporting Person was granted 6,126 Restricted Stock Units, half of which vested in four equal quarterly installments beginning on March 31, 2021, and the remainder vest in three equal annual installments beginning on January 2, 2023.
  8. On January 2, 2021, the Reporting Person was granted 10,143 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2022.
  9. On January 3, 2022, the Reporting Person was granted 17,502 Restricted Stock Units, half of which vested in four equal quarterly installments beginning on March 31, 2022, and the remainder vest in three equal annual installments beginning on January 3, 2024.
  10. On January 3, 2022, the Reporting Person was granted 21,945 Restricted Stock Units, which vest in four equal annual installments beginning on January 3, 2023.