Rebecca Bottorff - 31 Dec 2021 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: Chief People Officer
Signature: /s/ R. Brandon Asbill, Attorney-in-Fact for Rebecca Bottorff
Issuer symbol: BAND
Transactions as of: 31 Dec 2021
Net transactions value: -$75,925
Form type: 4
Filing time: 04 Jan 2022, 16:30:10 UTC
Previous filing: 04 Nov 2021
Next filing: 23 Feb 2022
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	+386	+6%	$0.000000	6,862	31 Dec 2021	Direct
transaction	BAND	Class A Common Stock	Options Exercise	$0	+2,498	+36%	$0.000000	9,360	02 Jan 2022	Direct
transaction	BAND	Class A Common Stock	Sale	$12,405	-178	-1.9%	$69.69^*	9,182	03 Jan 2022	Direct	F1
transaction	BAND	Class A Common Stock	Sale	$63,520	-868	-9.5%	$73.18^*	8,314	04 Jan 2022	Direct	F1

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	-386	-20%	$0.000000	1,545	31 Dec 2021	Class A Common Stock	386		Direct	F2, F3
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-1,357	-50%	$0.000000	1,357	02 Jan 2022	Class A Common Stock	1,357		Direct	F2, F4
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-1,141	-33%	$0.000000	2,282	02 Jan 2022	Class A Common Stock	1,141		Direct	F2, F5
transaction	BAND	Restricted Stock Units	Award	$0	+9,334		$0.000000	9,334	03 Jan 2022	Class A Common Stock	9,334		Direct	F2, F6

* 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	Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F3	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.
F4	On January 2, 2019, the Reporting Person was granted 8,143 Restricted Stock Units, half of which vested and the remainder vest in three equal annual installments beginning on January 2, 2021.
F5	On January 2, 2020, the Reporting Person was granted 6,845 Restricted Stock Units which vest as to half the shares in four quarterly installments in the first year, beginning on March 31, 2020, and as to the remainder of shares in three equal annual installments beginning on January 2, 2022.
F6	On January 3, 2022, the Reporting Person was granted 9,334 Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2022, and the remainder vest in three equal annual installments beginning on January 3, 2024.