Form 4: Bandwidth Inc. Director Douglas A. Suriano Reports Stock Vesting
SEC Form 4 Filing
Director Douglas A. Suriano reported the vesting of 3,927 shares of Bandwidth Inc. Class A Common Stock on August 28, 2024.
Summary
- On August 28, 2024, Douglas A. Suriano, a director of Bandwidth Inc., reported the vesting of 3,927 shares of Class A Common Stock.
- These shares were acquired through the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Suriano directly owns 27,385 shares of Class A Common Stock and 3,927 derivative securities (RSUs).
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock vesting, which is neither particularly positive nor negative. It reflects standard compensation practices.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like directors and officers, trade their company's stock. This filing indicates routine vesting of previously granted equity compensation.
Stakeholder Impact
- The vesting of shares has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| November 28, 2023 | Reporting Person was granted 15,709 Restricted Stock Units, which vest in four equal quarterly installments beginning on February 28, 2024. |
| February 28, 2024 | First vesting date of the 15,709 Restricted Stock Units granted on November 28, 2023. |
| August 28, 2024 | Date of transaction: Vesting of 3,927 shares of Class A Common Stock. |
| August 29, 2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.