John C. Murdock - Aug 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: Aug 28, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/30/2023, 04:15 PM
Previous filing: May 31, 2023
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	+2.15K	+2.58%	$0.00	85.6K	Aug 28, 2023	Direct
holding	BAND	Class A Common Stock						52.4K	Aug 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	-50%	$0.00	2.15K	Aug 28, 2023	Class A Common Stock	2.15K		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 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.