David A. Morken - Dec 31, 2021 Form 4 Insider Report for Bandwidth Inc. (BAND)

Signature
/s/ R. Brandon Asbill, Attorney-in-Fact for David A. Morken
Stock symbol
BAND
Transactions as of
Dec 31, 2021
Transactions value $
-$279,003
Form type
4
Date filed
1/4/2022, 04:21 PM
Previous filing
Nov 4, 2021
Next filing
Feb 23, 2022

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 +29.24% $0.00 3.39K Dec 31, 2021 Direct
transaction BAND Class A Common Stock Tax liability -$24.6K -343 -10.13% $71.76* 3.04K Dec 31, 2021 Direct
transaction BAND Class A Common Stock Options Exercise $0 +11.7K +384.19% $0.00 14.7K Jan 2, 2022 Direct
transaction BAND Class A Common Stock Tax liability -$254K -3.55K -24.06% $71.76* 11.2K Jan 2, 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 -20.01% $0.00 3.06K Dec 31, 2021 Class A Common Stock 766 Direct F1, F2
transaction BAND Restricted Stock Units Options Exercise $0 -2.42K -50.01% $0.00 2.42K Jan 2, 2022 Class A Common Stock 2.42K Direct F1, F3
transaction BAND Restricted Stock Units Options Exercise $0 -4.63K -33.33% $0.00 9.27K Jan 2, 2022 Class A Common Stock 4.63K Direct F1, F4
transaction BAND Restricted Stock Units Options Exercise $0 -2.1K -33.33% $0.00 4.2K Jan 2, 2022 Class A Common Stock 2.1K Direct F1, F5
transaction BAND Restricted Stock Units Options Exercise $0 -2.54K -25% $0.00 7.61K Jan 2, 2022 Class A Common Stock 2.54K Direct F1, F6
transaction BAND Restricted Stock Units Award $0 +17.5K $0.00 17.5K Jan 3, 2022 Class A Common Stock 17.5K Direct F1, F7
transaction BAND Restricted Stock Units Award $0 +21.9K $0.00 21.9K Jan 3, 2022 Class A Common Stock 21.9K 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.