David A. Morken - Sep 30, 2021 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: Chairman & CEO, Director, 10%+ Owner
Signature: /s/ R. Brandon Asbill, Attorney-in-Fact for David A. Morken
Stock symbol: BAND
Transactions as of: Sep 30, 2021
Transactions value $: -$31,107
Form type: 4
Date filed: 10/4/2021, 04:25 PM
Previous filing: Aug 4, 2021
Next filing: Nov 4, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BAND	Class A Common Stock	Options Exercise	$0	+765	+36.69%	$0.00	2.85K	Sep 30, 2021	Direct
transaction	BAND	Class A Common Stock	Sale	-$31.1K	-358	-12.56%	$86.89^*	2.49K	Oct 1, 2021	Direct	F1

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	-765	-16.65%	$0.00	3.83K	Sep 30, 2021	Class A Common Stock	765		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F2	Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F3	On January 2, 2021, the Reporting Person was granted 6,126 Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2021, and the remainder vest in three equal annual installments beginning on January 2, 2023.