Bandwidth Inc. — Director's Dealing 2021

May 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2021-05-02

Reporting Person: Allen Noreen (Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-02	Class A Common Stock	M	60	—	Acquired	11616	Direct
2021-05-02	Class A Common Stock	F	27	$132.20	Disposed	11589	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-02	Restricted Stock Units	$	M	60	Disposed		Class A Common Stock (60.0)	Direct

Footnotes

F1: Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.

F2: One half of the Restricted Stock Units vest in four, equal quarterly installments beginning on February 2, 2021 and the remaining shares vest in three, equal annual installments beginning on November 2, 2022.