David A. Morken - 25 Apr 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: 25 Apr 2023
Net transactions value: -$9,245
Form type: 4
Filing time: 27 Apr 2023, 16:19:31 UTC
Previous filing: 05 Jan 2023
Next filing: 06 Nov 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	+2,561	+7.7%	$0.000000	35,714	25 Apr 2023	Direct
transaction	BAND	Class A Common Stock	Tax liability	$9,245	-748	-2.1%	$12.36	34,966	25 Apr 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	-2,561	-100%	$0.000000^*	0	25 Apr 2023	Class A Common Stock	2,561		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 April 25, 2019, the Reporting Person was granted 10,245 Restricted Stock Units. The Restricted Stock Units vest in four equal annual installments beginning on April 25, 2020.