BAND.NASDAQBandwidth INC
Form 4: Bandwidth Inc. Director Douglas A. Suriano Reports Stock Unit Vesting
Sentiment:
SEC Filing
Director Douglas A. Suriano reports the vesting of restricted stock units in Bandwidth Inc.
Summary
- On February 28, 2025, Douglas A. Suriano, a director of Bandwidth Inc., had 2,025 restricted stock units vest, converting into Class A Common Stock.
- This transaction is reported on a Form 4 filing with the SEC.
- Following the transaction, Suriano directly owns 33,337 shares of Class A Common Stock and 6,073 restricted stock units.
- The restricted stock units were granted on November 28, 2024, and vest in four equal quarterly installments.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting scheduled vesting of stock units.
Industry Context
This is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/28/2024 | Reporting Person was granted 8,098 Restricted Stock Units |
| 02/28/2025 | 2,025 Restricted Stock Units vested |
| 03/04/2025 | Date of report |
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