Kade Ross - 31 Dec 2021 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role
Chief Information Officer
Signature
/s/ R. Brandon Asbill, Attorney-in-Fact for Kade Ross
Issuer symbol
BAND
Transactions as of
31 Dec 2021
Net transactions value
-$62,862
Form type
4
Filing time
04 Jan 2022, 16:33:47 UTC
Previous filing
04 Oct 2021
Next filing
23 Feb 2022
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 +320 +7.3% $0.000000 4,730 31 Dec 2021 Direct
transaction BAND Class A Common Stock Tax liability $10,333 -144 -3% $71.76* 4,586 31 Dec 2021 Direct
transaction BAND Class A Common Stock Options Exercise $0 +2,118 +46% $0.000000 6,704 02 Jan 2022 Direct
transaction BAND Class A Common Stock Tax liability $52,528 -732 -11% $71.76* 5,972 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 -320 -20% $0.000000 1,276 31 Dec 2021 Class A Common Stock 320 Direct F1, F2
transaction BAND Restricted Stock Units Options Exercise $0 -1,130 -50% $0.000000 1,129 02 Jan 2022 Class A Common Stock 1,130 Direct F1, F3
transaction BAND Restricted Stock Units Options Exercise $0 -988 -33% $0.000000 1,977 02 Jan 2022 Class A Common Stock 988 Direct F1, F4
transaction BAND Restricted Stock Units Award $0 +7,719 $0.000000 7,719 03 Jan 2022 Class A Common Stock 7,719 Direct F1, F5
* 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 2,553 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 6,776 Restricted Stock Units, half of which are vested, and the remainder vest in three equal annual installments beginning on January 2, 2021.
F4 On January 2, 2020, the Reporting Person was granted 5,931 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.
F5 On January 3, 2022, the Reporting Person was granted 7,719 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.