David A. Morken - 03 Jan 2023 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: Chairman & CEO, Director
Signature: /s/ Leah Webb, Attorney-in-Fact for David A. Morken
Issuer symbol: BAND
Transactions as of: 03 Jan 2023
Net transactions value: -$35,908
Form type: 4
Filing time: 05 Jan 2023, 15:14:22 UTC
Previous filing: 07 Feb 2023
Next filing: 27 Apr 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	+5,486	+19%	$0.000000	34,848	03 Jan 2023	Direct
transaction	BAND	Class A Common Stock	Tax liability	$35,908	-1,616	-4.6%	$22.22	33,232	03 Jan 2023	Direct

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	-5,486	-25%	$0.000000	16,459	03 Jan 2023	Class A Common Stock	5,486		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 21,945 Restricted Stock Units, which vest in four equal annual installments beginning on January 3, 2023.