Daryl E. Raiford - 31 Dec 2022 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: Chief Financial Officer
Signature: /s/ Leah Webb, Attorney-in-Fact for Daryl E. Raiford
Issuer symbol: BAND
Transactions as of: 31 Dec 2022
Net transactions value: -$9,226
Form type: 4
Filing time: 04 Jan 2023, 15:48:06 UTC
Previous filing: 30 Nov 2022
Next filing: 05 Jan 2023
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	+1,647	+11%	$0.000000	17,064	31 Dec 2022	Direct
transaction	BAND	Class A Common Stock	Tax liability	$9,226	-402	-2.4%	$22.95	16,662	31 Dec 2022	Direct
holding	BAND	Class A Common Stock						1,625	31 Dec 2022	By IRA

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	-1,647	-20%	$0.000000	6,584	31 Dec 2022	Class A Common Stock	1,647		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 January 3, 2022, the Reporting Person was granted 13,169 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.