Bandwidth Inc. — Director's Dealing 2025

Mar 5, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2025-02-28

Reporting Person: Agarwal Devesh (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-28	Class A Common Stock	M	2153	—	Acquired	40992	Direct
2025-02-28	Class A Common Stock	M	3927	—	Acquired	44919	Direct
2025-02-28	Class A Common Stock	M	15032	—	Acquired	59951	Direct
2025-03-03	Class A Common Stock	S	6538	$15.6963	Disposed	53413	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-28	Restricted Stock Units	$	M	2153	Disposed		Class A Common Stock (2153)	Direct
2025-02-28	Restricted Stock Units	$	M	3927	Disposed		Class A Common Stock (3927)	Direct
2025-02-28	Restricted Stock Units	$	A	62617	Acquired		Class A Common Stock (62617)	Direct

Footnotes

F1: On February 28, 2025, the Reporting Person was granted 15,032 Restricted Stock Units, all of which vested immediately.

F2: Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on February 28, 2025, pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on March 3, 2023 related solely to tax obligations associated with awards received in connection with Bandwidth Inc. (the "Company") equity compensation programs.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.06 to $16.04. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4: Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.

F5: On November 28, 2022, the Reporting Person was granted 25,837 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares vest in eight equal quarterly installments beginning on February 28, 2024.

F6: On November 28, 2023, the Reporting Person was granted 47,127 Restricted Stock Units, one third of which vested on the first anniversary of the date of grant and the remaining shares will vest in eight equal quarterly installments beginning on February 28, 2025.

F7: On February 28, 2025, the Reporting Person was granted 62,617 Restricted Stock Units, one third of which will vest on the first anniversary of the date of grant and the remaining shares will vest in eight equal quarterly installments beginning on May 28, 2026.