Form 4: Bandwidth Inc. Controller Devin M. Krupka Reports Stock Transactions
SEC Form 4 Filing
Devin M. Krupka, Controller and PAO of Bandwidth Inc., reports the vesting and sale of Class A Common Stock to cover tax obligations.
Summary
- On November 2, 2024, Devin M. Krupka, Controller and PAO of Bandwidth Inc., had 32 shares of Class A Common Stock vest as Restricted Stock Units.
- Krupka sold 10 shares of Class A Common Stock on November 4, 2024, at a weighted average price of $18.7254 per share.
- The sales were executed to cover tax obligations associated with the vesting of Restricted Stock Units, pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on May 5, 2023.
- Following these transactions, Krupka directly owns 7,056 shares of Bandwidth Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
This filing is a routine disclosure of insider stock transactions, which are common among corporate executives. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small number of shares involved.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 11/02/2020 | Reporting Person was granted 190 Restricted Stock Units |
| 02/02/2021 | Half of the 190 Restricted Stock Units vested in four equal quarterly installments beginning on this date |
| 05/05/2023 | Rule 10b5-1 instruction letter adopted by the Reporting Person |
| 11/02/2024 | Vesting of 32 Restricted Stock Units and sale of shares to cover taxes |
| 11/04/2024 | Sale of 10 shares of Class A Common Stock at an average price of $18.7254 |
| 11/05/2024 | Date of Form 4 filing |
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