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: Matton W. Christopher (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-31	Class A Common Stock	M	927	—	Acquired	10523	Direct
2021-01-02	Class A Common Stock	M	1471	—	Acquired	11994	Direct
2021-01-04	Class A Common Stock	S	275	$157.4474	Disposed	11719	Direct
2021-01-04	Class A Common Stock	F	483	$153.67	Disposed	11236	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-31	Restricted Stock Units	$	M	927	Disposed		Class A Common Stock (927.0)	Direct
2021-01-02	Restricted Stock Units	$	M	1471	Disposed		Class A Common Stock (1471.0)	Direct

Footnotes

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

F2: Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.

F3: On January 2, 2020, the Reporting Person was granted 7,420 shares of Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2020, and the remainder vest in three equal annual installments beginning on January 2, 2022.

F4: On January 2, 2019, the Reporting Person was granted 8,829 Restricted Stock Units. One half of the Restricted Stock Units vest in four equal quarterly installments beginning on March 31, 2019. The remaining Restricted Stock Units vest in three equal annual installments beginning on January 2, 2021.