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

Signature
/s/ Gabriela Gonzalez, Attorney-in-Fact
Stock symbol
BAND
Transactions as of
Jun 30, 2021
Transactions value $
-$52,410
Form type
4
Date filed
7/2/2021, 04:09 PM
Previous filing
Jun 28, 2021
Next filing
Aug 4, 2021

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 +6.25% $0.00 6.58K Jun 30, 2021 Direct
transaction BAND Class A Common Stock Sale -$52.4K -387 -5.89% $135.43* 6.19K Jul 2, 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 -14.31% $0.00 2.32K Jun 30, 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.