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

Role
Chief People Officer, Director
Signature
/s/ Leah Webb, Attorney-in-Fact for Rebecca Bottorff
Stock symbol
BAND
Transactions as of
Dec 31, 2022
Transactions value $
-$33,600
Form type
4
Date filed
1/4/2023, 03:51 PM
Previous filing
Nov 30, 2022
Next filing
Jun 6, 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 +1.17K +8.5% $0.00 14.9K Dec 31, 2022 Direct
transaction BAND Class A Common Stock Options Exercise $0 +3.01K +20.22% $0.00 17.9K Jan 2, 2023 Direct
transaction BAND Class A Common Stock Sale -$8.38K -355 -1.98% $23.60 17.6K Jan 3, 2023 Direct F1
transaction BAND Class A Common Stock Sale -$25.2K -1.12K -6.36% $22.58 16.4K Jan 4, 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 -1.17K -20% $0.00 4.67K Dec 31, 2022 Class A Common Stock 1.17K Direct F2, F3
transaction BAND Restricted Stock Units Options Exercise $0 -515 -33.33% $0.00 1.03K Jan 2, 2023 Class A Common Stock 515 Direct F2, F4
transaction BAND Restricted Stock Units Options Exercise $0 -1.14K -50% $0.00 1.14K Jan 2, 2023 Class A Common Stock 1.14K Direct F2, F5
transaction BAND Restricted Stock Units Options Exercise $0 -1.36K -100% $0.00* 0 Jan 2, 2023 Class A Common Stock 1.36K Direct F2, F6
* 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 9,334 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 On January 2, 2021, the Reporting Person was granted 3,090 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.
F5 On January 2, 2020, the Reporting Person was granted 6,845 Restricted Stock Units which vest as to half the shares in four quarterly installments in the first year, beginning on March 31, 2020, and as to the remainder of shares in three equal annual installments beginning on January 2, 2022.
F6 On January 2, 2019, the Reporting Person was granted 8,143 Restricted Stock Units, half of which vested and the remainder vest in three equal annual installments beginning on January 2, 2021.