Richard Brandon Asbill, General Counsel of Bandwidth Inc., filed a Form 4 on September 1, 2026, disclosing the vesting of restricted stock units and subsequent open-market sales of Class A Common Stock on August 28 and August 31, 2026.

Key Highlights

  • RSU vesting: Asbill acquired 4,168 shares on August 28, 2026, via vesting of restricted stock units granted November 28, 2023, at $0 cost.
  • Second RSU vesting: An additional 2,214 shares were acquired on August 28, 2026, via vesting of restricted stock units granted November 28, 2024, also at $0 cost.
  • First sale: 1,072 shares of Class A Common Stock were sold on August 31, 2026, at a weighted average price of $48.8226, with individual transactions ranging from $48.29 to $49.28.
  • Second sale: 760 shares were sold on August 31, 2026, at a weighted average price of $49.6021, with individual transactions ranging from $49.33 to $49.6351.
  • Remaining ownership: Following all reported transactions, Asbill directly held 7,550 shares of Class A Common Stock.
  • Remaining RSUs: After vesting, Asbill held 4,169 RSUs from the November 2023 grant and 11,067 RSUs from the November 2024 grant.

RSU Vesting and Share Disposal Details for Bandwidth Inc. General Counsel

According to the filing, Asbill's August 28, 2026 acquisitions stem from two separate restricted stock unit grants. The first grant, made on November 28, 2023, originally totaled 50,023 restricted stock units. Per the filing, one third vested on the first anniversary of the grant date, with the remaining shares vesting in eight equal quarterly installments beginning February 28, 2025. The second grant, made on November 28, 2024, originally totaled 26,561 restricted stock units, with one third vesting on the first anniversary of the grant date and the remainder vesting in eight equal quarterly installments beginning February 28, 2026. The filing notes that each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

The filing reports that on August 31, 2026, Asbill disposed of a total of 1,832 shares across two separate sale transactions. The first sale of 1,072 shares carried a weighted average price of $48.8226, while the second sale of 760 shares carried a weighted average price of $49.6021. Both transactions are described in the filing as being executed at multiple prices within the stated ranges. The reporting person undertook, according to the filing, to provide full per-price detail upon request to Bandwidth Inc., any security holder, or the SEC staff.

The Form 4 was signed by Leah Webb as Attorney-in-Fact for R. Brandon Asbill and filed on September 1, 2026. Bandwidth Inc. trades on NASDAQ:BAND. Asbill is identified in the filing as the company's General Counsel.

What Was Disclosed

The filing disclosed RSU vesting events totaling 6,382 shares and the open-market sale of 1,832 shares of Class A Common Stock by Bandwidth Inc.'s General Counsel, leaving him with a direct beneficial ownership of 7,550 shares as of August 31, 2026.