Bandwidth Inc. — Director's Dealing 2021

Jan 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2020-12-31

Reporting Person: Mullen Scott (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-31	Class A Common Stock	M	796	—	Acquired	33632	Direct
2021-01-02	Class A Common Stock	M	1310	—	Acquired	34942	Direct
2021-01-04	Class A Common Stock	F	672	$153.67	Disposed	34270	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-31	Restricted Stock Units	$	M	796	Disposed		Class A Common Stock (796.0)	Direct
2021-01-02	Restricted Stock Units	$	M	1310	Disposed		Class A Common Stock (1310.0)	Direct
2021-01-02	Restricted Stock Units	$	A	3195	Acquired		Class A Common Stock (3195.0)	Direct

Footnotes

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

F2: 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.

F3: 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.

F4: 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.