Bandwidth Inc. (BAND) CFO discloses RSU grants, vesting and stock sales
Rhea-AI Filing Summary
Bandwidth Inc.'s Chief Financial Officer reported multiple equity transactions involving Class A Common Stock and restricted stock units. On November 28, 2025, several blocks of restricted stock units (RSUs) were converted to shares at an exercise price of $0, increasing directly held stock. The CFO also received a new grant of 226,667 RSUs on the same date, with one third vesting after one year and the rest in eight quarterly installments starting February 28, 2027.
On December 1, 2025, the CFO sold 13,400 shares at a weighted average price of $14.0626 and 8,115 shares at $14.0528, under Rule 10b5-1 trading arrangements. A portion of the sales covered tax obligations from vesting RSUs. Following these transactions, the CFO directly owned 98,535 shares of Bandwidth’s Class A Common Stock.
Positive
- None.
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- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 13,400 | $14.0626 | $188K |
| Sale | Class A Common Stock | 8,115 | $14.0528 | $114K |
| Exercise | Restricted Stock Units | 10,602 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,602 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,142 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,731 | $0.00 | -- |
| Exercise | Restricted Stock Units | 24,680 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 226,667 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,142 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,731 | $0.00 | -- |
| Exercise | Class A Common Stock | 24,680 | $0.00 | -- |
Footnotes (1)
- Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on November 28, 2025, pursuant to a Rule 10b5-1 instruction letter adopted by the Reporting Person on March 3, 2023 related solely to tax obligations associated with awards received in connection with Bandwidth Inc. (the "Company") equity compensation programs. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.93 to $14.29. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Reflects shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 12, 2024. Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock. On November 28, 2022, the Reporting Person was granted 37,700 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vested in eight equal quarterly installments beginning on February 28, 2024. On November 28, 2023, the Reporting Person was granted 68,767 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vest in eight equal quarterly installments beginning on February 28, 2025. On November 28, 2024, the Reporting Person was granted 74,040 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares will vest in eight equal quarterly installments beginning on February 28, 2026. On November 28, 2025, the Reporting Person was granted 226,667 Restricted Stock Units, one third of which vest on the first anniversary of the date of grant and the remaining shares will vest in eight equal quarterly installments beginning on February 28, 2027. On May 30, 2023, the Reporting Person was granted 127,226 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vest in eight equal quarterly installments beginning on August 30, 2024.
FAQ
What insider transactions did Bandwidth Inc. (BAND) report for its CFO?
The CFO of Bandwidth Inc. reported conversions of restricted stock units into Class A Common Stock on November 28, 2025, a new grant of 226,667 RSUs, and share sales totaling 21,515 shares on December 1, 2025 under Rule 10b5-1 trading plans.
What was the size and vesting schedule of the new RSU grant to the Bandwidth Inc. CFO?
On November 28, 2025, the CFO received 226,667 restricted stock units. One third of this award vests on the first anniversary of the grant date, and the remaining units vest in eight equal quarterly installments beginning on February 28, 2027.
