Rebecca Bottorff - 30 Jun 2021 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role
Chief People Officer
Signature
/s/ Gabriela Gonzalez, Attorney-in-Fact
Issuer symbol
BAND
Transactions as of
30 Jun 2021
Net transactions value
-$52,410
Form type
4
Filing time
02 Jul 2021, 16:09:41 UTC
Previous filing
28 Jun 2021
Next filing
04 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAND Class A Common Stock Options Exercise $0 +387 +6.3% $0.000000 6,576 30 Jun 2021 Direct
transaction BAND Class A Common Stock Sale $52,410 -387 -5.9% $135.43* 6,189 02 Jul 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BAND Restricted Stock Units Options Exercise $0 -387 -14% $0.000000 2,317 30 Jun 2021 Class A Common Stock 387 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.35 to $ 135.49. The reporting person undertakes to provide Bandwidth Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F4 On January 2, 2021, the Reporting Person was granted 3,090 Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2021, and the remainder vest in three equal annual installments beginning on January 2, 2023.