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

Role
Chairman & CEO, Director, 10%+ Owner
Signature
/s/ R. Brandon Asbill, Attorney-in-Fact for David A. Morken
Issuer symbol
BAND
Transactions as of
30 Sep 2021
Net transactions value
-$31,107
Form type
4
Filing time
04 Oct 2021, 16:25:17 UTC
Previous filing
04 Aug 2021
Next filing
04 Nov 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 +765 +37% $0.000000 2,850 30 Sep 2021 Direct
transaction BAND Class A Common Stock Sale $31,107 -358 -13% $86.89* 2,492 01 Oct 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 -765 -17% $0.000000 3,829 30 Sep 2021 Class A Common Stock 765 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.