David A. Morken - 21 Feb 2022 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: Chairman & CEO, Director, 10%+ Owner
Signature: /s/ R. Brandon Asbill, Attorney-in-Fact for David A. Morken
Issuer symbol: BAND
Transactions as of: 21 Feb 2022
Net transactions value: -$117,882
Form type: 4
Filing time: 23 Feb 2022, 15:26:59 UTC
Previous filing: 04 Jan 2022
Next filing: 04 Apr 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	+6,227	+56%	$0.000000	17,416	21 Feb 2022	Direct
transaction	BAND	Class A Common Stock	Tax liability	$117,882	-2,297	-13%	$51.32	15,119	21 Feb 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	-6,227	-100%	$0.000000^*	0	21 Feb 2022	Class A Common Stock	6,227		Direct	F1, F2

* 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 February 21, 2018, the Reporting Person was granted 24,907 Restricted Stock Units which vest in four equal annual installments beginning on February 21, 2019.