Form 4: Bandwidth Director Converts RSUs to Common Stock

Bandwidth Inc. Director Douglas A. Suriano acquired 3,333 shares of Class A Common Stock through the vesting of Restricted Stock Units.

Summary

• Douglas A. Suriano, a Director of Bandwidth Inc. (BAND), acquired 3,333 shares of Class A Common Stock.
• The acquisition occurred on February 28, 2026, through the conversion of Restricted Stock Units (RSUs).
• The transaction price for the acquired shares was $0, which is typical for RSU vesting.
• Following this transaction, Suriano directly beneficially owns 42,743 shares of Class A Common Stock.
• Additionally, Suriano directly holds 10,000 Restricted Stock Units.
• The RSUs were part of a grant of 13,333 units on November 28, 2025, scheduled to vest in four equal quarterly installments beginning on February 28, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting a director's continued equity accumulation through a scheduled vesting, which generally signals alignment with long-term company performance.

Positives

• Director Douglas A. Suriano increased his direct ownership of Bandwidth Inc. Class A Common Stock by 3,333 shares, demonstrating continued alignment with shareholder interests.
• The vesting of Restricted Stock Units is a standard component of executive compensation, reinforcing long-term commitment to the company's performance.

Future Outlook

The remaining 10,000 Restricted Stock Units held by Douglas A. Suriano are expected to vest in future equal quarterly installments, continuing to increase his direct ownership in Bandwidth Inc.

Industry Context

StockSavvy.ai notes that routine RSU vesting by directors is a common practice in the technology sector, aligning executive incentives with company performance and shareholder interests. This transaction is consistent with typical equity compensation structures seen across publicly traded companies.

Stakeholder Impact

• Shareholders: The transaction demonstrates continued alignment of a director's interests with shareholders through increased equity ownership.
• Employees: Reflects standard equity compensation practices within the company.

Next Steps

• The remaining 10,000 Restricted Stock Units held by Douglas A. Suriano are scheduled to vest in subsequent equal quarterly installments.

Key Dates

Keywords

Bandwidth Inc., BAND, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Director Stock Ownership, Equity Compensation