Bandwidth Inc. — Director's Dealing 2019

Jan 7, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2019-01-03

Reporting Person: Morken David A. (Director, Chairman & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-03	Class A Common Stock	M	22939	$5.80	Acquired	22939	Direct
2019-01-03	Class A Common Stock	S	5065	$39.9322	Disposed	17874	Direct
2019-01-03	Class A Common Stock	S	17874	$40.863	Disposed	0	Direct
2019-01-04	Class A Common Stock	M	77902	$5.80	Acquired	77902	Direct
2019-01-04	Class A Common Stock	S	12997	$40.2638	Disposed	64905	Direct
2019-01-04	Class A Common Stock	S	64905	$41.0518	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-03	Stock Option (Right to buy)	$5.80	M	22939	Disposed	2022-04-12	Class A Common Stock (22939)	Direct
2019-01-04	Stock Option (Right to buy)	$5.80	M	77902	Disposed	2022-04-12	Class A Common Stock (77902)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.42 to $40.35. 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.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.44 to $41.39. 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 $39.76 to $40.75. 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 $40.77 to $41.34. 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 stock option is currently exercisable.