David A. Morken - 31 Dec 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
31 Dec 2021
Net transactions value
-$279,003
Form type
4
Filing time
04 Jan 2022, 16:21:14 UTC
Previous filing
04 Nov 2021
Next filing
23 Feb 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 +766 +29% $0.000000 3,386 31 Dec 2021 Direct
transaction BAND Class A Common Stock Tax liability $24,614 -343 -10% $71.76* 3,043 31 Dec 2021 Direct
transaction BAND Class A Common Stock Options Exercise $0 +11,691 +384% $0.000000 14,734 02 Jan 2022 Direct
transaction BAND Class A Common Stock Tax liability $254,389 -3,545 -24% $71.76* 11,189 02 Jan 2022 Direct

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 -20% $0.000000 3,063 31 Dec 2021 Class A Common Stock 766 Direct F1, F2
transaction BAND Restricted Stock Units Options Exercise $0 -2,421 -50% $0.000000 2,420 02 Jan 2022 Class A Common Stock 2,421 Direct F1, F3
transaction BAND Restricted Stock Units Options Exercise $0 -4,632 -33% $0.000000 9,265 02 Jan 2022 Class A Common Stock 4,632 Direct F1, F4
transaction BAND Restricted Stock Units Options Exercise $0 -2,102 -33% $0.000000 4,204 02 Jan 2022 Class A Common Stock 2,102 Direct F1, F5
transaction BAND Restricted Stock Units Options Exercise $0 -2,536 -25% $0.000000 7,607 02 Jan 2022 Class A Common Stock 2,536 Direct F1, F6
transaction BAND Restricted Stock Units Award $0 +17,502 $0.000000 17,502 03 Jan 2022 Class A Common Stock 17,502 Direct F1, F7
transaction BAND Restricted Stock Units Award $0 +21,945 $0.000000 21,945 03 Jan 2022 Class A Common Stock 21,945 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F2 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.
F3 On January 2, 2019, the Reporting Person was granted 14,521 Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2019, and the remainder vest in three equal annual installments beginning on January 2, 2021.
F4 On January 2, 2020, the Reporting Person was granted 18,530 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2021.
F5 On January 2, 2020, the Reporting Person was granted 12,613 Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2020, and the remainder vest in three equal annual installments beginning on January 2, 2022.
F6 On January 2, 2021, the Reporting Person was granted 10,143 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2022.
F7 On January 3, 2022, the Reporting Person was granted 17,502 Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2022, and the remainder vest in three equal annual installments beginning on January 3, 2024.
F8 On January 3, 2022, the Reporting Person was granted 21,945 Restricted Stock Units, which vest in four equal annual installments beginning on January 3, 2023.