John C. Murdock - 28 Nov 2025 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role
Director
Signature
/s/ Leah Webb, Attorney-in-Fact for John C. Murdock
Issuer symbol
BAND
Transactions as of
28 Nov 2025
Net transactions value
-$17,046
Form type
4
Filing time
02 Dec 2025, 16:52:48 UTC
Previous filing
02 Sep 2025
Next filing
02 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Murdock John C. Director C/O BANDWIDTH INC., 2230 BANDMATE WAY, RALEIGH /s/ Leah Webb, Attorney-in-Fact for John C. Murdock 02 Dec 2025 0001721985

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAND Class A Common Stock Options Exercise $0 +2,024 +1.8% $0.000000 113,371 28 Nov 2025 Direct
transaction BAND Class A Common Stock Sale $17,046 -1,215 -1.1% $14.03 112,156 01 Dec 2025 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 -2,024 -100% $0.000000 0 28 Nov 2025 Class A Common Stock 2,024 Direct F2, F3
transaction BAND Restricted Stock Units Award $0 +13,333 $0.000000 13,333 28 Nov 2025 Class A Common Stock 13,333 Direct F2, F4
* 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 pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on March 7, 2025.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of Bandwidth Inc. Class A Common Stock.
F3 On November 28, 2024, the Reporting Person was granted 8,098 Restricted Stock Units, which vested in four equal quarterly installments beginning on February 28, 2025.
F4 On November 28, 2025, the Reporting Person was granted 13,333 Restricted Stock Units, which vest in four equal quarterly installments beginning on February 28, 2026.