Marina C. Carreker - 31 Dec 2022 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: President
Signature: /s/ Leah Webb, Attorney-in-Fact for Marina C. Carreker
Issuer symbol: BAND
Transactions as of: 31 Dec 2022
Net transactions value: -$15,576
Form type: 4
Filing time: 04 Jan 2023, 15:46:36 UTC
Previous filing: 04 Nov 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	+2,164	+30%	$0.000000	9,385	31 Dec 2022	Direct
transaction	BAND	Class A Common Stock	Sale	$15,576	-660	-7%	$23.60	8,725	03 Jan 2023	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	-919	-20%	$0.000000	3,674	31 Dec 2022	Class A Common Stock	919		Direct	F2, F3
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-449	-33%	$0.000000	901	31 Dec 2022	Class A Common Stock	449		Direct	F2, F4, F5
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-312	-50%	$0.000000	311	31 Dec 2022	Class A Common Stock	312		Direct	F2, F4, F6
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-484	-100%	$0.000000^*	0	31 Dec 2022	Class A Common Stock	484		Direct	F2, F4, F6, F7

* 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 3, 2022, the Reporting Person was granted 7,349 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.
F4	In connection with the Reporting Person's resignation, an aggregate of 1,245 restricted stock units granted to the Reporting Person and scheduled to vest on January 2, 2023 fully vested on December 31, 2022.
F5	On January 2, 2021, the Reporting Person was granted 2,701 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.
F6	On January 2, 2020, the Reporting Person was granted 1,246 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2021.
F7	On January 2, 2019, the Reporting Person was granted 1,936 Restricted Stock Units, which vest in three equal annual installments beginning on January 2, 2020.