Bandwidth Inc. — Director's Dealing 2023

Jan 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2022-12-31

Reporting Person: Bottorff Rebecca (Director, Chief People Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-31	Class A Common Stock	M	1167	—	Acquired	14898	Direct
2023-01-02	Class A Common Stock	M	3013	—	Acquired	17911	Direct
2023-01-03	Class A Common Stock	S	355	$23.60	Disposed	17556	Direct
2023-01-04	Class A Common Stock	S	1117	$22.58	Disposed	16439	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-31	Restricted Stock Units	$	M	1167	Disposed		Class A Common Stock (1167.0)	Direct
2023-01-02	Restricted Stock Units	$	M	515	Disposed		Class A Common Stock (515.0)	Direct
2023-01-02	Restricted Stock Units	$	M	1141	Disposed		Class A Common Stock (1141.0)	Direct
2023-01-02	Restricted Stock Units	$	M	1357	Disposed		Class A Common Stock (1357.0)	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 3, 2022, the Reporting Person was granted 9,334 Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2022, and the remainder vest in three equal annual installments beginning on January 3, 2024.

F4: On January 2, 2021, the Reporting Person was granted 3,090 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.

F5: On January 2, 2020, the Reporting Person was granted 6,845 Restricted Stock Units which vest as to half the shares in four quarterly installments in the first year, beginning on March 31, 2020, and as to the remainder of shares in three equal annual installments beginning on January 2, 2022.

F6: On January 2, 2019, the Reporting Person was granted 8,143 Restricted Stock Units, half of which vested and the remainder vest in three equal annual installments beginning on January 2, 2021.