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

Role
President
Signature
/s/ Leah Webb, Attorney-in-Fact for Marina C. Carreker
Stock symbol
BAND
Transactions as of
Dec 31, 2022
Transactions value $
-$15,576
Form type
4
Date filed
1/4/2023, 03:46 PM
Previous filing
Nov 4, 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 +2.16K +29.97% $0.00 9.39K Dec 31, 2022 Direct
transaction BAND Class A Common Stock Sale -$15.6K -660 -7.03% $23.60 8.73K Jan 3, 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 -20.01% $0.00 3.67K Dec 31, 2022 Class A Common Stock 919 Direct F2, F3
transaction BAND Restricted Stock Units Options Exercise $0 -449 -33.26% $0.00 901 Dec 31, 2022 Class A Common Stock 449 Direct F2, F4, F5
transaction BAND Restricted Stock Units Options Exercise $0 -312 -50.08% $0.00 311 Dec 31, 2022 Class A Common Stock 312 Direct F2, F4, F6
transaction BAND Restricted Stock Units Options Exercise $0 -484 -100% $0.00* 0 Dec 31, 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.