John C. Murdock - Feb 28, 2023 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: Director
Signature: /s/ Leah Webb, Attorney-in-Fact for John C. Murdock
Stock symbol: BAND
Transactions as of: Feb 28, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/2/2023, 03:33 PM
Previous filing: Jan 4, 2023
Next filing: May 31, 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	+2.15K	+2.72%	$0.00	81.3K	Feb 28, 2023	Direct	F1
holding	BAND	Class A Common Stock						52.4K	Feb 28, 2023	By John C, Murdock Family Line Trust

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	-2.15K	-25%	$0.00	6.46K	Feb 28, 2023	Class A Common Stock	2.15K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The aggregate amount of securities owned by the Reporting Person is increased by 1 share due to a scrivener's error due to rounding.
F2	Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F3	On November 28, 2022, the Reporting Person was granted 8,612 Restricted Stock Units, which vest in four equal quarterly installments beginning on February 28, 2023.