Noreen Allen - 31 Dec 2021 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role
Chief Marketing Officer
Signature
/s/ R. Brandon Asbill, Attorney-in-Fact for Noreen Allen
Issuer symbol
BAND
Transactions as of
31 Dec 2021
Net transactions value
-$68,459
Form type
4
Filing time
04 Jan 2022, 16:32:11 UTC
Previous filing
04 Nov 2021
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 +336 +2.8% $0.000000 12,360 31 Dec 2021 Direct
transaction BAND Class A Common Stock Tax liability $10,836 -151 -1.2% $71.76* 12,209 31 Dec 2021 Direct
transaction BAND Class A Common Stock Options Exercise $0 +2,364 +19% $0.000000 14,573 02 Jan 2022 Direct
transaction BAND Class A Common Stock Tax liability $57,623 -803 -5.5% $71.76* 13,770 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 -336 -20% $0.000000 1,340 31 Dec 2021 Class A Common Stock 336 Direct F1, F2
transaction BAND Restricted Stock Units Options Exercise $0 -1,346 -50% $0.000000 1,346 02 Jan 2022 Class A Common Stock 1,346 Direct F1, F3
transaction BAND Restricted Stock Units Options Exercise $0 -1,018 -33% $0.000000 2,036 02 Jan 2022 Class A Common Stock 1,018 Direct F1, F4
* 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 2,681 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 3.On January 2, 2019, the Reporting Person was granted 8,076 Restricted Stock Units, half of which are vested and the remainder vest in three equal annual installments beginning on January 2, 2021.
F4 4.On January 2, 2020, the Reporting Person was granted 6,109 Restricted Stock Units, half of which vest in four quarterly installments in the first year beginning on March 31, 2020, and the remainder vest in three equal annual installments beginning on January 2, 2022.