Form 4: Brian D. Bailey Reports Changes in Beneficial Ownership of Bandwidth Inc. Stock
SEC Form 4 Filing
Brian D. Bailey, a director at Bandwidth Inc., reports the vesting of restricted stock units and subsequent changes in beneficial ownership of Class A Common Stock.
Summary
- On May 28, 2024, Brian D. Bailey, a director of Bandwidth Inc., reported changes in his beneficial ownership of the company's Class A Common Stock.
- The transactions involved the vesting of 3,928 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Bandwidth Inc. Class A Common Stock.
- Following these transactions, Bailey's direct holdings include 40,720 shares of Class A Common Stock, and indirect holdings through various Carmichael entities include 1,517 shares held by Carmichael Investment Partners, LLC, 8,750 shares held by Carmichael Partners, LLC, 908 shares held by Carmichael Investment Partners II, LLC, and 608 shares held by Carmichael Investment Partners III, LLC.
- Bailey also directly holds 7,854 derivative securities in the form of Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 11/28/2023 | Reporting Person was granted 15,709 Restricted Stock Units, which vest in four equal quarterly installments beginning on February 28, 2024. |
| 02/28/2024 | First vesting date for the 15,709 Restricted Stock Units granted on November 28, 2023. |
| 05/28/2024 | Date of transaction: Vesting of 3,928 Restricted Stock Units. |
| 05/30/2024 | Date of report filing. |
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