Kade Ross, Chief Information Officer of Bandwidth Inc. (NASDAQ:BAND), filed a Form 4 on September 1, 2026, disclosing the vesting of restricted stock units and the subsequent sale of shares on August 28 and August 31, 2026.

Key Highlights

  • RSU vesting: Kade Ross acquired a combined 5,691 shares of Class A Common Stock through three separate M-coded (conversion/exercise) transactions on August 28, 2026, all at $0 conversion price.
  • Share sales: Ross sold 945 shares on August 31, 2026, at a weighted average price of $48.8226, and 671 shares at a weighted average price of $49.6021.
  • Sale price ranges: The 945-share sale involved transactions ranging from $48.29 to $49.28; the 671-share sale ranged from $49.33 to $49.6351, according to the filing.
  • Remaining ownership: Following all reported transactions, Ross directly beneficially owned 48,071 shares of Class A Common Stock.
  • RSU grants on record: The filing references three RSU grants - 5,353 units granted August 28, 2023; 40,697 units granted November 28, 2023; and 22,238 units granted November 28, 2024.
  • Remaining RSUs: After the vesting transactions, Ross held 0, 3,391, and 9,266 RSUs remaining from the three respective grants.

RSU Conversions and Open-Market Sales by Bandwidth's Chief Information Officer

According to the filing, Kade Ross, serving as Chief Information Officer of Bandwidth Inc., reported three M-coded transactions on August 28, 2026, reflecting the vesting of restricted stock units into shares of Class A Common Stock. The first conversion involved 446 RSUs from a grant of 5,353 units made on August 28, 2023. That grant vested one-third on its first anniversary, with remaining shares vesting in eight quarterly installments beginning November 28, 2024. This conversion exhausted the remaining RSUs from that grant, leaving 0 units outstanding.

The second conversion covered 3,392 RSUs from a November 28, 2023 grant of 40,697 units, which vested one-third on its first anniversary with the balance vesting quarterly beginning February 28, 2025. Following this transaction, 3,391 RSUs from that grant remained. The third conversion involved 1,853 RSUs from a November 28, 2024 grant of 22,238 units, structured with one-third vesting on the first anniversary and quarterly installments beginning February 28, 2026, leaving 9,266 RSUs outstanding, as disclosed in the filing.

On August 31, 2026, the filing reports that Ross sold shares in two separate transactions. A total of 945 shares were sold at a weighted average price of $48.8226, with individual transaction prices ranging from $48.29 to $49.28. An additional 671 shares were sold at a weighted average price of $49.6021, with prices ranging from $49.33 to $49.6351. The filing notes that full per-transaction pricing detail is available upon request to Bandwidth Inc., any security holder, or SEC staff. The form was signed by Leah Webb as Attorney-in-Fact for Kade Ross on September 1, 2026.

What Was Disclosed

The filing discloses RSU vesting totaling 5,691 shares and the open-market sale of 1,616 shares of Bandwidth Inc. Class A Common Stock by Chief Information Officer Kade Ross, with a resulting direct beneficial ownership of 48,071 shares.