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

Role: Chief Information Officer
Signature: /s/ R. Brandon Asbill, Attorney-in-Fact for Kade Ross
Stock symbol: BAND
Transactions as of: Dec 31, 2021
Transactions value $: -$62,862
Form type: 4
Date filed: 1/4/2022, 04:33 PM
Previous filing: Oct 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	+320	+7.26%	$0.00	4.73K	Dec 31, 2021	Direct
transaction	BAND	Class A Common Stock	Tax liability	-$10.3K	-144	-3.04%	$71.76^*	4.59K	Dec 31, 2021	Direct
transaction	BAND	Class A Common Stock	Options Exercise	$0	+2.12K	+46.18%	$0.00	6.7K	Jan 2, 2022	Direct
transaction	BAND	Class A Common Stock	Tax liability	-$52.5K	-732	-10.92%	$71.76^*	5.97K	Jan 2, 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	-20.05%	$0.00	1.28K	Dec 31, 2021	Class A Common Stock	320		Direct	F1, F2
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-1.13K	-50.02%	$0.00	1.13K	Jan 2, 2022	Class A Common Stock	1.13K		Direct	F1, F3
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-988	-33.32%	$0.00	1.98K	Jan 2, 2022	Class A Common Stock	988		Direct	F1, F4
transaction	BAND	Restricted Stock Units	Award	$0	+7.72K		$0.00	7.72K	Jan 3, 2022	Class A Common Stock	7.72K		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.