Form 4: Bandwidth Inc. Director Lukas M. Roush Reports Stock Transaction
SEC Form 4 Filing
Director Lukas M. Roush of Bandwidth Inc. reports the vesting of restricted stock units.
Summary
- On May 28, 2024, Lukas M. Roush, a director of Bandwidth Inc., reported a transaction involving the vesting of restricted stock units.
- Roush acquired 3,928 shares of Class A Common Stock through the vesting of restricted stock units.
- The price per share was $0.
- Following the transaction, Roush directly owns 38,204 shares of Class A Common Stock and 7,854 restricted stock units.
- The restricted stock units were granted on November 28, 2023, and vest in four equal quarterly installments starting February 28, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 2023-11-28 | Reporting Person was granted 15,709 Restricted Stock Units |
| 2024-02-28 | First quarterly vesting date for Restricted Stock Units |
| 2024-05-28 | Transaction date: vesting of 3,928 Restricted Stock Units |
| 2024-05-30 | 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.