Marina C. Carreker - Dec 31, 2021 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: President
Signature: /s/ R. Brandon Asbill, Attorney-in-Fact for Marina C. Carreker
Stock symbol: BAND
Transactions as of: Dec 31, 2021
Transactions value $: -$28,211
Form type: 4
Date filed: 1/4/2022, 04:23 PM
Previous filing: Nov 4, 2021
Next filing: Mar 15, 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	+338	+8.24%	$0.00	4.44K	Dec 31, 2021	Direct
transaction	BAND	Class A Common Stock	Options Exercise	$0	+795	+17.91%	$0.00	5.24K	Jan 2, 2022	Direct
transaction	BAND	Class A Common Stock	Sale	-$7.28K	-104	-1.99%	$70.02^*	5.13K	Jan 3, 2022	Direct	F1
transaction	BAND	Class A Common Stock	Sale	-$20.9K	-286	-5.57%	$73.18^*	4.85K	Jan 4, 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	-338	-20.02%	$0.00	1.35K	Dec 31, 2021	Class A Common Stock	338		Direct	F2, F3
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-484	-50%	$0.00	484	Jan 2, 2022	Class A Common Stock	484		Direct	F2, F4
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-311	-33.3%	$0.00	623	Jan 2, 2022	Class A Common Stock	311		Direct	F2, F5
transaction	BAND	Restricted Stock Units	Award	$0	+7.35K		$0.00	7.35K	Jan 3, 2022	Class A Common Stock	7.35K		Direct	F2, F6

* 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 2,701 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.
F4	On January 2, 2019, the Reporting Person was granted 1,936 Restricted Stock Units, which vest in three equal annual installments beginning on January 2, 2020.
F5	On January 2, 2020, the Reporting Person was granted 1,246 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2021.
F6	On January 3, 2022, the Reporting Person was granted 7,349 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.