Douglas A. Suriano - 31 Dec 2021 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: Director
Signature: /s/ R. Brandon Asbill, Attorney-in-Fact for Douglas A. Suriano
Issuer symbol: BAND
Transactions as of: 31 Dec 2021
Net transactions value: -$6,994
Form type: 4
Filing time: 04 Jan 2022, 16:17:06 UTC
Previous filing: 04 Oct 2021
Next filing: 04 Apr 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	+244	+4.5%	$0.000000	5,661	31 Dec 2021	Direct
transaction	BAND	Class A Common Stock	Sale	$6,994	-98	-1.7%	$71.37^*	5,563	03 Jan 2022	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	-244	-100%	$0.000000^*	0	31 Dec 2021	Class A Common Stock	244		Direct	F2, F3
transaction	BAND	Restricted Stock Units	Award	$0	+2,384		$0.000000	2,384	03 Jan 2022	Class A Common Stock	2,384		Direct	F2, 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	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 976 Restricted Stock Units, which vest in four equal quarterly installments beginning on March 31, 2021.
F4	On January 3, 2022, the Reporting Person was granted 2,384 Restricted Stock Units, which vest in four equal quarterly installments beginning on March 31, 2022.