Bandwidth CPO sells 2,176 shares after RSU exercise
Bandwidth Inc. Chief People Officer Rebecca Bottorff reported an exercise-and-sell transaction in Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Bandwidth Inc. Chief People Officer Rebecca Bottorff reported an exercise-and-sell transaction in Class A Common Stock. On May 28, 2026, she exercised derivative awards, acquiring a total of 7,796 shares of Class A Common Stock through the conversion of Restricted Stock Units.
On May 29, 2026, she conducted open-market sales totaling 2,176 shares at weighted average prices of $60.00, $59.48, and $58.37, with individual trade prices ranging from $57.88 to $59.75. After these transactions, she directly holds 5,620 shares of Bandwidth Inc. Class A Common Stock.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Bottorff Rebecca
Role
Chief People Officer
Sold
2,176 shs ($128K)
Approx. gross sale proceeds
$128K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,243 | $58.3693 | $73K |
| Sale | Class A Common Stock | 929 | $59.4771 | $55K |
| Sale | Class A Common Stock | 4 | $60.00 | $240.00 |
| Exercise | Restricted Stock Units | 1,487 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,121 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,188 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,487 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 4,121 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,188 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 22,858 contracts (Direct);
Class A Common Stock — 5,620 shares (Direct)
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.88 to $58.88. 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.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.89 to $59.75. 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.
- F3. Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F4. On August 28, 2023, the Reporting Person was granted 17,844 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 November 28, 2024.
- F5. On November 28, 2023, the Reporting Person was granted 49,451 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.
- F6. On November 28, 2024, the Reporting Person was granted 26,257 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, 2026.
Key Figures
Shares sold: 2,176 shares
RSU-derived shares acquired: 7,796 shares
Post-transaction holdings: 5,620 shares
+2 more
5 metrics
Shares sold
2,176 shares
Open-market sales on May 29, 2026
RSU-derived shares acquired
7,796 shares
Derivative exercises on May 28, 2026
Post-transaction holdings
5,620 shares
Direct Class A Common Stock after latest sale
Sale price range (group 1)
$57.88–$58.88
Weighted-average priced group, May 29, 2026
Sale price range (group 2)
$58.89–$59.75
Weighted-average priced group, May 29, 2026
Key Terms
Restricted Stock Units, weighted average price, open-market sale, derivative exercise/conversion
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Bandwidth (BAND) report for Rebecca Bottorff?
Bandwidth reported that Chief People Officer Rebecca Bottorff exercised derivative awards for 7,796 shares of Class A Common Stock on May 28, 2026 and then sold 2,176 shares in open-market transactions on May 29, 2026.
What derivative securities were involved in the Bandwidth (BAND) Form 4 for Rebecca Bottorff?
The Form 4 shows Restricted Stock Units (RSUs) that converted into Class A Common Stock. On May 28, 2026, RSU entries totaling 7,796 units were exercised, with each RSU representing a contingent right to receive one share of Class A Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
