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: Morken David A. (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-31	Class A Common Stock	M	2188	—	Acquired	21722	Direct
2022-12-31	Class A Common Stock	F	973	$22.95	Disposed	20749	Direct
2023-01-02	Class A Common Stock	M	12712	—	Acquired	33461	Direct
2023-01-02	Class A Common Stock	F	4099	$22.95	Disposed	29362	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-31	Restricted Stock Units	$	M	2188	Disposed		Class A Common Stock (2188.0)	Direct
2023-01-02	Restricted Stock Units	$	M	1021	Disposed		Class A Common Stock (1021.0)	Direct
2023-01-02	Restricted Stock Units	$	M	2536	Disposed		Class A Common Stock (2536.0)	Direct
2023-01-02	Restricted Stock Units	$	M	2102	Disposed		Class A Common Stock (2102.0)	Direct
2023-01-02	Restricted Stock Units	$	M	4633	Disposed		Class A Common Stock (4633.0)	Direct
2023-01-02	Restricted Stock Units	$	M	2420	Disposed		Class A Common Stock (2420.0)	Direct

Footnotes

F1: The aggregate amount of securities owned by the Reporting Person is decreased by 827 shares due to a scrivener's error in July 2019.

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 17,502 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 6,126 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, 2021, the Reporting Person was granted 10,143 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2022.

F6: On January 2, 2020, the Reporting Person was granted 12,613 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.

F7: On January 2, 2020, the Reporting Person was granted 18,530 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2021.

F8: On January 2, 2019, the Reporting Person was granted 14,521 Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2019, and the remainder vest in three equal annual installments beginning on January 2, 2021.