Daryl Raiford - Jan 3, 2023 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: Jan 3, 2023
Transactions value $: -$14,799
Form type: 4
Date filed: 1/5/2023, 03:16 PM
Previous filing: Jan 4, 2023
Next filing: Jun 1, 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	+2.18K	+13.08%	$0.00	18.8K	Jan 3, 2023	Direct
transaction	BAND	Class A Common Stock	Tax liability	-$14.8K	-666	-3.53%	$22.22	18.2K	Jan 3, 2023	Direct
holding	BAND	Class A Common Stock						1.63K	Jan 3, 2023	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	-2.18K	-25.01%	$0.00	6.54K	Jan 3, 2023	Class A Common Stock	2.18K		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 8,718 Restricted Stock Units, which vest in four equal annual installments beginning on January 3, 2023.