Rebecca Bottorff - Dec 31, 2021 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: Chief People Officer
Signature: /s/ R. Brandon Asbill, Attorney-in-Fact for Rebecca Bottorff
Stock symbol: BAND
Transactions as of: Dec 31, 2021
Transactions value $: -$75,925
Form type: 4
Date filed: 1/4/2022, 04:30 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	+386	+5.96%	$0.00	6.86K	Dec 31, 2021	Direct
transaction	BAND	Class A Common Stock	Options Exercise	$0	+2.5K	+36.4%	$0.00	9.36K	Jan 2, 2022	Direct
transaction	BAND	Class A Common Stock	Sale	-$12.4K	-178	-1.9%	$69.69^*	9.18K	Jan 3, 2022	Direct	F1
transaction	BAND	Class A Common Stock	Sale	-$63.5K	-868	-9.45%	$73.18^*	8.31K	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	-386	-19.99%	$0.00	1.55K	Dec 31, 2021	Class A Common Stock	386		Direct	F2, F3
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-1.36K	-50%	$0.00	1.36K	Jan 2, 2022	Class A Common Stock	1.36K		Direct	F2, F4
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-1.14K	-33.33%	$0.00	2.28K	Jan 2, 2022	Class A Common Stock	1.14K		Direct	F2, F5
transaction	BAND	Restricted Stock Units	Award	$0	+9.33K		$0.00	9.33K	Jan 3, 2022	Class A Common Stock	9.33K		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 3,090 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 8,143 Restricted Stock Units, half of which vested and the remainder vest in three equal annual installments beginning on January 2, 2021.
F5	On January 2, 2020, the Reporting Person was granted 6,845 Restricted Stock Units which vest as to half the shares in four quarterly installments in the first year, beginning on March 31, 2020, and as to the remainder of shares in three equal annual installments beginning on January 2, 2022.
F6	On January 3, 2022, the Reporting Person was granted 9,334 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.