Daryl Raiford - Mar 31, 2022 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: Chief Financial Officer
Signature: /s/ Leah Webb, Attorney-in-Fact for Daryl E. Raiford
Stock symbol: BAND
Transactions as of: Mar 31, 2022
Transactions value $: -$12,988
Form type: 4
Date filed: 4/4/2022, 05:42 PM
Previous filing: Feb 28, 2022
Next filing: Jul 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BAND	Class A Common Stock	Options Exercise	$0	+1.65K	+20.23%	$0.00	9.78K	Mar 31, 2022	Direct
transaction	BAND	Class A Common Stock	Tax liability	-$13K	-401	-4.1%	$32.39	9.38K	Mar 31, 2022	Direct
holding	BAND	Class A Common Stock						1.63K	Mar 31, 2022	By IRA

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	-1.65K	-12.5%	$0.00	11.5K	Mar 31, 2022	Class A Common Stock	1.65K		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 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.

Remarks:

Exhibit 24 - Power of Attorney