David A. Morken - 30 Jun 2021 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role
Chairman & CEO, Director, 10%+ Owner
Signature
/s/ Gabriela Gonzalez, Attorney-in-Fact
Issuer symbol
BAND
Transactions as of
30 Jun 2021
Net transactions value
-$48,263
Form type
4
Filing time
02 Jul 2021, 16:08:54 UTC
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 +766 +50% $0.000000 2,312 30 Jun 2021 Direct
transaction BAND Class A Common Stock Sale $48,263 -355 -15% $135.95* 1,957 02 Jul 2021 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 -766 -14% $0.000000 4,594 30 Jun 2021 Class A Common Stock 766 Direct F2, F3
* 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 6,126 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.

Remarks:

Exhibit 24 - Power of Attorney.