Form 4: Director Brian D. Bailey Reports Transaction in Bandwidth Inc. (BAND)
SEC Form 4 Filing
Brian D. Bailey, a director of Bandwidth Inc., reports the acquisition of 8,750 Class A Common Stock shares through indirect ownership.
Summary
- On May 27, 2020, Brian D. Bailey, a director of Bandwidth Inc., engaged in a transaction involving the company's stock.
- The transaction involved the acquisition of 8,750 shares of Class A Common Stock.
- These shares were acquired indirectly through Carmichael Partners LLC.
- Following the transaction, Mr. Bailey's indirectly held Class A Common Stock totaled 48,575 shares.
- Mr. Bailey also indirectly holds Class B Common Stock, convertible to Class A Common Stock on a 1-to-1 basis.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. It doesn't convey any particular 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 as it reflects insider activity, but the amount is not significant enough to cause major price fluctuations.
Key Dates
| Date | Description |
|---|---|
| 05/27/2020 | Date of transaction involving the acquisition of Class A Common Stock. |
| 05/15/2024 | Date of signature for the report. |
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