Form 4: Bandwidth Director Reports Stock Transactions

Bandwidth Inc. Director John C. Murdock reported the conversion of restricted stock units and subsequent sale of shares, alongside a new RSU grant.

Summary

• Director John C. Murdock converted 2,024 Restricted Stock Units (RSUs) into Class A Common Stock on November 28, 2025.
• Murdock sold 1,215 shares of Class A Common Stock at $14.03 per share on December 1, 2025, under a Rule 10b5-1 plan adopted on March 7, 2025.
• A new grant of 13,333 Restricted Stock Units was awarded to Murdock on November 28, 2025.
• Following these transactions, Murdock beneficially owns 112,156 shares of Class A Common Stock and 13,333 Restricted Stock Units.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive due to a significant new RSU grant, which aligns director interests with long-term company performance. The share sale, while a reduction in direct equity, was pre-planned under a 10b5-1 plan, mitigating negative interpretation.

Positives

• Director John C. Murdock received a new grant of 13,333 Restricted Stock Units on November 28, 2025, aligning his interests with long-term company performance.
• The conversion of 2,024 Restricted Stock Units into Class A Common Stock indicates vesting and realization of previous equity awards.

Negatives

• Director John C. Murdock sold 1,215 shares of Class A Common Stock at $14.03 per share, reducing his direct equity stake.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale of shares by a director, even if pre-planned, could be perceived negatively, but the new RSU grant demonstrates continued alignment with shareholder value.

Next Steps

• The 13,333 Restricted Stock Units granted on November 28, 2025, will vest in four equal quarterly installments beginning on February 28, 2026.

Key Dates

Keywords

Bandwidth Inc., BAND, Insider Trading, Form 4, Restricted Stock Units, Equity Compensation, Director Transactions, Rule 10b5-1 Plan