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

Role: Chief Financial Officer
Signature: /s/ Leah Webb, Attorney-in-Fact for Daryl E. Raiford
Stock symbol: BAND
Transactions as of: Dec 31, 2022
Transactions value $: -$9,226
Form type: 4
Date filed: 1/4/2023, 03:48 PM
Previous filing: Nov 30, 2022
Next filing: Jan 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BAND	Class A Common Stock	Options Exercise	$0	+1.65K	+10.68%	$0.00	17.1K	Dec 31, 2022	Direct
transaction	BAND	Class A Common Stock	Tax liability	-$9.23K	-402	-2.36%	$22.95	16.7K	Dec 31, 2022	Direct
holding	BAND	Class A Common Stock						1.63K	Dec 31, 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	-1.65K	-20.01%	$0.00	6.58K	Dec 31, 2022	Class A Common Stock	1.65K		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.