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