Bandwidth Inc. — Director's Dealing 2019

Jul 2, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2019-06-28

Reporting Person: Kaestner Henry R. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-28	Class A Common Stock	S	16896	$74.6989	Disposed	143104	Indirect
2019-06-28	Class A Common Stock	S	3076	$74.6989	Disposed	140028	Indirect
2019-07-01	Class A Common Stock	S	15658	$75.4774	Disposed	124370	Indirect
2019-07-01	Class A Common Stock	S	9706	$76.8274	Disposed	114664	Indirect
2019-07-01	Class A Common Stock	S	16920	$77.7614	Disposed	97744	Indirect
2019-07-01	Class A Common Stock	S	721	$78.9537	Disposed	97023	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	27845	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.12 to $75.115. The reporting person undertakes to provide Bandwidth Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2: The members of AMDG 1, LLC are AMDG Unitrust No. 1 and AMDG Unitrust No. 2 (together, the "Trusts"). The trustees of each of the Trusts are the Reporting Person, his spouse and Timothy Oakley. Each of the foregoing individuals disclaims beneficial ownership of the shares held by AMDG 1, LLC except to the extent of his or her pecuniary interest, if any.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.13 to $75.71. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.13 to $76.155. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.17 to $77.13. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.175 to $78.175. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.57 to $79.68. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.