David A. Morken - Sep 30, 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: Sep 30, 2022
Transactions value $: -$11,567
Form type: 4
Date filed: 10/4/2022, 04:44 PM
Previous filing: Jul 5, 2022
Next filing: Nov 4, 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	+2.19K	+11.53%	$0.00	21.2K	Sep 30, 2022	Direct
transaction	BAND	Class A Common Stock	Tax liability	-$11.6K	-972	-4.59%	$11.90	20.2K	Sep 30, 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	-2.19K	-16.66%	$0.00	10.9K	Sep 30, 2022	Class A Common Stock	2.19K		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 17,502 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.