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Filing Details

Accession Number:: 0000899243-21-000535
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-01-05 20:31:26
Reporting Period:: 2020-12-31

Accepted Time:: 2021-01-05 20:31:26
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
1721962	A. David Morken	C/O Bandwidth Inc. 900 Main Campus Drive, Suite 100 Raleigh NC 27606	Chairman & Ceo	Yes	Yes	Yes	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	1,576	$0.00	2,403	No	4	M	Direct
Class A Common Stock	Acquisiton	2021-01-02	7,053	$0.00	9,456	No	4	M	Direct
Class A Common Stock	Disposition	2021-01-04	465	$158.15	8,991	No	4	S	Direct
Class A Common Stock	Acquisiton	2021-01-04	38,840	$0.00	47,831	No	4	C	Direct
Class A Common Stock	Disposition	2021-01-04	1,690	$153.79	46,141	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-04	2,200	$154.52	43,941	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-04	1,000	$156.36	42,941	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-04	9,660	$157.52	33,281	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-04	15,198	$158.28	18,083	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-04	6,186	$159.36	11,897	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-04	2,906	$160.17	8,991	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	C	Direct
No	4	S	Direct
No	4	S	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	1,576	$0.00	1,576	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2021-01-02	4,633	$0.00	4,633	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2021-01-02	2,420	$0.00	2,420	$0.00
Class A Common Stock	Restricted Stock Units	Acquisiton	2021-01-02	6,126	$0.00	6,126	$0.00
Class A Common Stock	Restricted Stock Units	Acquisiton	2021-01-02	10,143	$0.00	10,143	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-01-04	38,840	$0.00	38,840	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
6,306	No	4	M	Direct
13,897	No	4	M	Direct
4,841	No	4	M	Direct
6,126	No	4	A	Direct
10,143	No	4	A	Direct
1,986,805	No	4	C	Direct

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
The shares of Class B common stock are convertible in to Class A common stock on a 1-to-1 basis at the option of the holder and have no expiration date.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $153.11 to $153.88. 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 $154.12 to $154.82. 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 $155.75 to $156.63. 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 $156.97 to $157.955. 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 $157.97 to $158.91. 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 $158.98 to $159.96. 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 $159.98 to $160.53. 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 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.
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.
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.
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.
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.