Daryl E. Raiford - 03 Jan 2022 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role
Chief Financial Officer
Signature
/s/ R. Brandon Asbill, Attorney-in-Fact for Daryl E. Raiford
Issuer symbol
BAND
Transactions as of
03 Jan 2022
Net transactions value
$0
Form type
4
Filing time
04 Jan 2022, 16:25:44 UTC
Previous filing
19 Aug 2021
Next filing
28 Feb 2022
SEC
View on sec.gov

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 Award $0 +13,169 $0.000000 13,169 03 Jan 2022 Class A Common Stock 13,169 Direct F1, F2
transaction BAND Restricted Stock Units Award $0 +8,718 $0.000000 8,718 03 Jan 2022 Class A Common Stock 8,718 Direct F1, F3
* 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 3, 2022, the Reporting Person was granted 13,169 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.
F3 On January 3, 2022, the Reporting Person was granted 8,718 Restricted Stock Units, which vest in four equal annual installments beginning on January 3, 2023.