0001514416-23-000173.txt : 20231130
0001514416-23-000173.hdr.sgml : 20231130
20231130194216
ACCESSION NUMBER: 0001514416-23-000173
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231128
FILED AS OF DATE: 20231130
DATE AS OF CHANGE: 20231130
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Morken David A.
CENTRAL INDEX KEY: 0001721962
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38285
FILM NUMBER: 231457165
MAIL ADDRESS:
STREET 1: C/O BANDWIDTH INC.
STREET 2: 2230 BANDMATE WAY
CITY: RALEIGH
STATE: NC
ZIP: 27607
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Bandwidth Inc.
CENTRAL INDEX KEY: 0001514416
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2230 BANDMATE WAY
CITY: RALEIGH
STATE: NC
ZIP: 27607
BUSINESS PHONE: 800-808-5150
MAIL ADDRESS:
STREET 1: 2230 BANDMATE WAY
CITY: RALEIGH
STATE: NC
ZIP: 27607
FORMER COMPANY:
FORMER CONFORMED NAME: Bandwidth.com, Inc.
DATE OF NAME CHANGE: 20110303
4
1
wk-form4_1701391320.xml
FORM 4
X0508
4
2023-11-28
0
0001514416
Bandwidth Inc.
BAND
0001721962
Morken David A.
C/O BANDWIDTH INC.
2230 BANDMATE WAY
RALEIGH
NC
27607
1
1
0
0
Chairman & CEO
1
Class A Common Stock
2023-11-28
4
M
0
16945
0
A
52146
D
Class A Common Stock
2023-11-29
4
S
0
7079
11.3296
D
45067
D
Restricted Stock Units
2023-11-28
4
M
0
16945
0
D
Class A Common Stock
16945
33889
D
Restricted Stock Units
2023-11-28
4
A
0
92725
0
A
Class A Common Stock
92725
92725
D
Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on November 28, 2023, pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on March 3, 2023.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.28 to $11.36. 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, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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 50,834 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, 2024.
On November 28, 2023, the Reporting Person was granted 92,725 Restricted Stock Units, one third of which vest on the first anniversary of the date of grant and the remaining shares vest in eight equal quarterly installments beginning on February 28, 2025.
/s/ Leah Webb, Attorney-in-Fact for David A. Morken
2023-11-30