Daryl Raiford - Jan 3, 2022 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role
Chief Financial Officer
Signature
/s/ R. Brandon Asbill, Attorney-in-Fact for Daryl E. Raiford
Stock symbol
BAND
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 04:25 PM
Previous filing
Aug 19, 2021
Next filing
Feb 28, 2022

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 Award $0 +13.2K $0.00 13.2K Jan 3, 2022 Class A Common Stock 13.2K Direct F1, F2
transaction BAND Restricted Stock Units Award $0 +8.72K $0.00 8.72K Jan 3, 2022 Class A Common Stock 8.72K Direct F1, F3
* 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 January 3, 2022, the Reporting Person was granted 13,169 Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2022, and the remainder vest in three equal annual installments beginning on January 3, 2024.
F3 On January 3, 2022, the Reporting Person was granted 8,718 Restricted Stock Units, which vest in four equal annual installments beginning on January 3, 2023.