David A. Morken - Apr 25, 2022 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: Chairman & CEO, Director, 10%+ Owner
Signature: /s/ Leah Webb, Attorney-in-Fact for David A. Morken
Stock symbol: BAND
Transactions as of: Apr 25, 2022
Transactions value $: -$30,605
Form type: 4
Date filed: 4/27/2022, 05:08 PM
Previous filing: Apr 4, 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	+2.56K	+15.68%	$0.00	18.9K	Apr 25, 2022	Direct
transaction	BAND	Class A Common Stock	Tax liability	-$30.6K	-1.14K	-6.03%	$26.87	17.8K	Apr 25, 2022	Direct

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	-2.56K	-50%	$0.00	2.56K	Apr 25, 2022	Class A Common Stock	2.56K		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 April 25, 2019, the Reporting Person was granted 10,245 Restricted Stock Units. The Restricted Stock Units vest in four equal annual installments beginning on April 25, 2020.