Devin M. Krupka - 02 Jan 2024 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role
Controller, PAO
Signature
/s/ Leah Webb, Attorney-in-Fact for Devin M. Krupka
Issuer symbol
BAND
Transactions as of
02 Jan 2024
Net transactions value
-$2,753
Form type
4
Filing time
04 Jan 2024, 21:00:19 UTC
Previous filing
30 Nov 2023
Next filing
01 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAND Class A Common Stock Options Exercise $0 +78 +1.2% $0.000000 6,518 02 Jan 2024 Direct
transaction BAND Class A Common Stock Options Exercise $0 +130 +2% $0.000000 6,648 02 Jan 2024 Direct
transaction BAND Class A Common Stock Options Exercise $0 +352 +5.3% $0.000000 7,000 03 Jan 2024 Direct
transaction BAND Class A Common Stock Sale $1,050 -77 -1.1% $13.63 6,923 03 Jan 2024 Direct F1
transaction BAND Class A Common Stock Sale $1,704 -126 -1.8% $13.52 6,797 04 Jan 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BAND Restricted Stock Units Options Exercise $0 -78 -100% $0.000000* 0 02 Jan 2024 Class A Common Stock 78 Direct F2, F3
transaction BAND Restricted Stock Units Options Exercise $0 -130 -50% $0.000000 130 02 Jan 2024 Class A Common Stock 130 Direct F2, F4
transaction BAND Restricted Stock Units Options Exercise $0 -352 -33% $0.000000 703 03 Jan 2024 Class A Common Stock 352 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on January 2 and 3, 2024, pursuant to Rule 10b5-1 plan adopted by the Reporting Person on May 5, 2023.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of Bandwidth Inc. Class A Common Stock.
F3 On January 2, 2020, the Reporting Person was granted 311 Restricted Stock Units, which vested in four equal annual installments beginning on January 2, 2021.
F4 On January 2, 2021, the Reporting Person was granted 521 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2022.
F5 On January 3, 2022, the Reporting Person was granted 1,407 Restricted Stock Units, which vest in four equal annual installments beginning on January 3, 2023.