David A. Morken - 02 Nov 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: 02 Nov 2021
Net transactions value: -$9,378
Form type: 4
Filing time: 04 Nov 2021, 16:06:02 UTC
Previous filing: 04 Oct 2021
Next filing: 04 Jan 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	+238	+9.6%	$0.000000	2,730	02 Nov 2021	Direct
transaction	BAND	Class A Common Stock	Sale	$9,378	-110	-4%	$85.25^*	2,620	03 Nov 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	-238	-20%	$0.000000	950	02 Nov 2021	Class A Common Stock	238		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	One half of the Restricted Stock Units vest in four, equal quarterly installments beginning on February 2, 2021 and the remaining shares vest in three, equal annual installments beginning on November 2, 2022.