Anthony Bartolo - Mar 21, 2023 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: Chief Operating Officer
Signature: /s/ Leah Webb, Attorney-in-Fact for Anthony F. Bartolo
Stock symbol: BAND
Transactions as of: Mar 21, 2023
Transactions value $: -$124,042
Form type: 4
Date filed: 3/23/2023, 04:26 PM
Previous filing: Nov 30, 2022
Next filing: Nov 30, 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	+26.1K	+118.62%	$0.00	48.1K	Mar 21, 2023	Direct
transaction	BAND	Class A Common Stock	Tax liability	-$124K	-7.93K	-16.48%	$15.65	40.2K	Mar 21, 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	-26.1K	-25%	$0.00	78.3K	Mar 21, 2023	Class A Common Stock	26.1K		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 March 21, 2022, the Reporting Person was granted 104,384 Restricted Stock Units, which vest in four equal annual installments beginning on March 21, 2023.