Rebecca Bottorff - 31 Dec 2022 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role
Chief People Officer, Director
Signature
/s/ Leah Webb, Attorney-in-Fact for Rebecca Bottorff
Issuer symbol
BAND
Transactions as of
31 Dec 2022
Net transactions value
-$33,600
Form type
4
Filing time
04 Jan 2023, 15:51:18 UTC
Previous filing
30 Nov 2022
Next filing
06 Jun 2023
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 +1,167 +8.5% $0.000000 14,898 31 Dec 2022 Direct
transaction BAND Class A Common Stock Options Exercise $0 +3,013 +20% $0.000000 17,911 02 Jan 2023 Direct
transaction BAND Class A Common Stock Sale $8,378 -355 -2% $23.60 17,556 03 Jan 2023 Direct F1
transaction BAND Class A Common Stock Sale $25,222 -1,117 -6.4% $22.58 16,439 04 Jan 2023 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 -1,167 -20% $0.000000 4,667 31 Dec 2022 Class A Common Stock 1,167 Direct F2, F3
transaction BAND Restricted Stock Units Options Exercise $0 -515 -33% $0.000000 1,030 02 Jan 2023 Class A Common Stock 515 Direct F2, F4
transaction BAND Restricted Stock Units Options Exercise $0 -1,141 -50% $0.000000 1,141 02 Jan 2023 Class A Common Stock 1,141 Direct F2, F5
transaction BAND Restricted Stock Units Options Exercise $0 -1,357 -100% $0.000000* 0 02 Jan 2023 Class A Common Stock 1,357 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 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.
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.
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 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.