| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BAND | Class A Common Stock | Options Exercise | $0 | +7.37K | +37.71% | $0.00 | 26.9K | Aug 8, 2024 | Direct | |
| transaction | BAND | Class A Common Stock | Sale | -$34.5K | -2.23K | -8.28% | $15.48 | 24.7K | Aug 9, 2024 | Direct | F1, F2 |
| 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 | -7.37K | -33.34% | $0.00 | 14.7K | Aug 8, 2024 | Class A Common Stock | 7.37K | Direct | F3, F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on August 8, 2024, pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on March 3, 2023 related solely to tax obligations associated with awards received in connection with Bandwidth Inc. (the "Company") equity compensation programs. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.43 to $15.54. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| F3 | Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock. |
| F4 | On August 8, 2022, the Reporting Person was granted 29,481 Restricted Stock Units, which vest in four equal annual installments beginning on August 8, 2023. |
Chief Software Strategy Officer and Interim Chief Operating Officer