Scott Mullen - Dec 31, 2022 Form 4 Insider Report for Bandwidth Inc. (BAND)

Role: Chief Technology Officer
Signature: /s/ Leah Webb, Attorney-in-Fact for Scott Mullen
Stock symbol: BAND
Transactions as of: Dec 31, 2022
Transactions value $: -$30,822
Form type: 4
Date filed: 1/4/2023, 03:54 PM
Previous filing: Nov 30, 2022

This filing has been restated, see here for the amended filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BAND	Class A Common Stock	Options Exercise	$0	+1.13K	+1.54%	$0.00	74.5K	Dec 31, 2022	Direct
transaction	BAND	Class A Common Stock	Tax liability	-$7.64K	-333	-0.45%	$22.95	74.2K	Dec 31, 2022	Direct
transaction	BAND	Class A Common Stock	Options Exercise	$0	+2.9K	+3.91%	$0.00	77.1K	Jan 2, 2023	Direct
transaction	BAND	Class A Common Stock	Tax liability	-$23.2K	-1.01K	-1.31%	$22.95	76.1K	Jan 2, 2023	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	-1.13K	-20%	$0.00	4.52K	Dec 31, 2022	Class A Common Stock	1.13K		Direct	F1, F2
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-532	-33.31%	$0.00	1.07K	Jan 2, 2023	Class A Common Stock	532		Direct	F1, F3
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-1.06K	-49.98%	$0.00	1.06K	Jan 2, 2023	Class A Common Stock	1.06K		Direct	F1, F4
transaction	BAND	Restricted Stock Units	Options Exercise	$0	-1.31K	-100%	$0.00^*	0	Jan 2, 2023	Class A Common Stock	1.31K		Direct	F1, F5

* 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 9,040 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 2, 2021, the Reporting Person was granted 3,195 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.
F4	On January 2, 2020, the Reporting Person was granted 6,370 Restricted Stock Units, half of which vest in four equal quarterly installments beginning March 31, 2020, and the remainder vest in three equal annual installments beginning on January 2, 2022.
F5	On January 2, 2019, the Reporting Person was granted 7,861 Restricted Stock Units, half of which vested, and the remainder vest in three equal annual installments beginning on January 2, 2021.