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Filing Details

Accession Number:: 0001514416-21-000012
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-01-05 19:28:03
Reporting Period:: 2020-12-31

Accepted Time:: 2021-01-05 19:28:03
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1514416	Bandwidth Inc.	BAND	Services-Prepackaged Software (7372)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1721896	A. Jeffrey Hoffman	C/O Bandwidth Inc. 900 Main Campus Drive, Suite 100 Raleigh NC 27606	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2020-12-31	1,224	$0.00	8,787	No	4	M	Direct
Class A Common Stock	Acquisiton	2021-01-02	3,602	$0.00	12,389	No	4	M	Direct
Class A Common Stock	Disposition	2021-01-04	358	$156.48	12,031	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-05	444	$155.45	11,587	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-05	235	$156.61	11,352	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-05	235	$157.91	11,117	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-05	188	$158.88	10,929	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Restricted Stock Units	Disposition	2020-12-31	1,224	$0.00	1,224	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2021-01-02	1,942	$0.00	1,942	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2021-01-02	729	$0.00	729	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2021-01-02	931	$0.00	931	$0.00
Class A Common Stock	Restricted Stock Units	Acquisiton	2021-01-02	4,216	$0.00	4,216	$0.00
Class A Common Stock	Restricted Stock Units	Acquisiton	2021-01-02	1,602	$0.00	1,602	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,897	No	4	M	Direct
3,885	No	4	M	Direct
1,455	No	4	M	Direct
2,791	No	4	M	Direct
4,216	No	4	A	Direct
1,602	No	4	A	Direct

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.01 to $155.73. The reporting person undertakes to provide Bandwidth Inc. (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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.02 to $157.00. 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.55 to $158.13. 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $158.70 to $159.23. 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.
Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
On January 2, 2020, the Reporting Person was granted 9,794 Restricted Stock Units. One half of the Restricted Stock Units vest in four equal quarterly installments beginning on March 31, 2020. The remaining Restricted Stock Units vest in three equal annual installments beginning on January 2, 2022.
On January 2, 2019, the Reporting Person was granted 11,654 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, 2020.
On January 2, 2019, the Reporting Person was granted 2,913 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2020.
On January 2, 2020, the Reporting Person was granted 3,722 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2021.
On January 2, 2021, the Reporting Person was granted 4,216 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.
On January 2, 2021, the Reporting Person was granted 1,602 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2022.