Form 4 for BAND Bandwidth Inc.
Accepted 2023-11-30 00:00:00 ET · period of report 2023-11-28 · accession 0001514416-23-000169 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-11-30 | 2023-11-28 | BAND | Bailey Brian D. | Dir | M - OptEx | $0.00 | +2,153 | 35.9K | +6% | $0 |
| D | 2023-11-30 | 2023-11-28 | BAND | Bailey Brian D. | Dir | M - OptEx | $0.00 | -2,153 | 0 | -100% | $0 |
| D | 2023-11-30 | 2023-11-28 | BAND | Bailey Brian D. | Dir | A - Grant | $0.00 | +15.7K | 15.7K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-11-28 | M | A | 2,153 | $0.00 | 35,898 | I See footnotes | — | — | (F2) Following the transactions reported herein, consists of (i) 1,517 shares of Class A Common Stock held by Carmichael Investment Partners, LLC ("CIP"), (ii) 908 shares of Class A Common Stock held by Carmichael Investment Partners II, LLC ("CIP II"), (iii) 608 shares of Class A Common Stock held by Carmichael Investment Partners III, LLC ("CIP III" and, together with CIP and CIP II, the "Carmichael Entities") and (iv) 32,865 shares of Class A Common Stock held directly by Brian D. Bailey. (F3) Pursuant to an agreement between Mr. Bailey and Carmichael Partners LLC, Carmichael Partners LLC is entitled to all economic benefit with respect to 7,234 shares held by Mr. Bailey. (F1) Carmichael Bandwidth LLC is the managing member of each of the Carmichael Entities (as defined below in footnote 2). Brian D. Bailey and Kevin J. Martin are the managing partners of Carmichael Bandwidth LLC and Carmichael Partners LLC and share voting and dispositive power with respect to the shares held by the Carmichael Entities (as defined below in footnote 2) and Carmichael Partners LLC. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein. |
| 2 | Derivative | Restricted Stock Units | 2023-11-28 | M | D | 2,153 | $0.00 | 0 | D | — · — to — | 2,153 Class A Common Stock | (F4) Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock. (F5) On November 28, 2022, the Reporting Person was granted 8,612 Restricted Stock Units, which vested in four equal quarterly installments beginning on February 28, 2023. |
| 3 | Derivative | Restricted Stock Units | 2023-11-28 | A | A | 15,709 | $0.00 | 15,709 | D | — · — to — | 15,709 Class A Common Stock | (F4) Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock. (F6) On November 28, 2023, the Reporting Person was granted 15,709 Restricted Stock Units, which vest in four equal quarterly installments beginning on February 28, 2024. |