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Filing Details

Accession Number:: 0001514416-24-000007
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-01-04 20:51:29
Reporting Period:: 2024-01-02

Accepted Time:: 2024-01-04 20:51:29
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. 2230 Bandmate Way Raleigh NC 27607	Chairman & Ceo	Yes	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	2024-01-02	2,102	$0.00	47,169	No	4	M	Direct
Class A Common Stock	Acquisiton	2024-01-02	4,632	$0.00	51,801	No	4	M	Direct
Class A Common Stock	Acquisiton	2024-01-02	1,021	$0.00	52,822	No	4	M	Direct
Class A Common Stock	Acquisiton	2024-01-02	2,535	$0.00	55,357	No	4	M	Direct
Class A Common Stock	Acquisiton	2024-01-03	2,916	$0.00	58,273	No	4	M	Direct
Class A Common Stock	Acquisiton	2024-01-03	5,487	$0.00	63,760	No	4	M	Direct
Class A Common Stock	Disposition	2024-01-03	3,790	$13.63	59,970	No	4	S	Direct
Class A Common Stock	Disposition	2024-01-04	2,580	$13.52	57,390	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	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	2024-01-02	2,102	$0.00	2,102	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-01-02	4,632	$0.00	4,632	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-01-02	1,021	$0.00	1,021	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-01-02	2,535	$0.00	2,535	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-01-03	2,916	$0.00	2,916	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-01-03	5,487	$0.00	5,487	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	No	4	M	Direct
0	No	4	M	Direct
1,021	No	4	M	Direct
2,536	No	4	M	Direct
5,835	No	4	M	Direct
10,972	No	4	M	Direct

Footnotes

Reflects shares sold to cover taxes upon the vesting of Restricted Stock Units on January 2 and 3, 2024, pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on March 3, 2023.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.61 to $13.64. 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 (the "SEC"), 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 $13.43 to $13.59. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, 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 vested in four equal quarterly installments beginning on March 31, 2020, and the remainder vested 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 vested in four 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 vested 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.
On January 3, 2022, the Reporting Person was granted 17,502 Restricted Stock Units, half of which vested in four equal quarterly installments beginning on March 31, 2022, and the remainder vest in three equal annual installments beginning on January 3, 2024.
On January 3, 2022, the Reporting Person was granted 21,945 Restricted Stock Units, which vest in four equal annual installments beginning on January 3, 2023.