<SEC-DOCUMENT>0001405026-25-000018.txt : 20251124
<SEC-HEADER>0001405026-25-000018.hdr.sgml : 20251124
<ACCEPTANCE-DATETIME>20251124182854
ACCESSION NUMBER:		0001405026-25-000018
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251124
DATE AS OF CHANGE:		20251124

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bandwidth Inc.
		CENTRAL INDEX KEY:			0001514416
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-38285
		FILM NUMBER:		251514570

	BUSINESS ADDRESS:	
		STREET 1:		2230 BANDMATE WAY
		CITY:			RALEIGH
		STATE:			NC
		ZIP:			27607
		BUSINESS PHONE:		800-808-5150

	MAIL ADDRESS:	
		STREET 1:		2230 BANDMATE WAY
		CITY:			RALEIGH
		STATE:			NC
		ZIP:			27607

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Bandwidth.com, Inc.
		DATE OF NAME CHANGE:	20110303

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Raiford Daryl E
		CENTRAL INDEX KEY:			0001405026
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		C/O BANDWIDTH INC.
		STREET 2:		2230 BANDMATE WAY
		CITY:			RALEIGH
		STATE:			NC
		ZIP:			27607

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Raiford Daryl
		DATE OF NAME CHANGE:	20070628
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
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  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001405026</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001514416</issuerCik>
      <issuerName>Bandwidth Inc.</issuerName>
      <secFileNumber>001-38285</secFileNumber>
      <issuerAddress>
        <com:street1>2230 BANDMATE WAY</com:street1>
        <com:city>RALEIGH</com:city>
        <com:stateOrCountry>NC</com:stateOrCountry>
        <com:zipCode>27607</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>800-808-5150</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Raiford Daryl E</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Morgan Stanley Smith Barney LLC</name>
        <address>
          <com:street1>Executive Financial Services</com:street1>
          <com:street2>1 New York Plaza 8th Floor</com:street2>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10004</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>23000</noOfUnitsSold>
      <aggregateMarketValue>318550.00</aggregateMarketValue>
      <noOfUnitsOutstanding>28563553</noOfUnitsOutstanding>
      <approxSaleDate>12/01/2025</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Morgan Stanley Smith Barney LLC</name>
        <address>
          <com:street1>Executive Financial Services</com:street1>
          <com:street2>1 New York Plaza 8th Floor</com:street2>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10004</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>8000</noOfUnitsSold>
      <aggregateMarketValue>110800.00</aggregateMarketValue>
      <noOfUnitsOutstanding>28563553</noOfUnitsOutstanding>
      <approxSaleDate>12/02/2025</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>11/28/2025</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted stock vesting under a registered plan</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>33553</amountOfSecuritiesAcquired>
      <paymentDate>11/28/2025</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>11/30/2025</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted stock vesting under a registered plan</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>10602</amountOfSecuritiesAcquired>
      <paymentDate>11/30/2025</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Daryl Raiford</name>
        <address>
          <com:street1>c/o Bandwidth Inc.</com:street1>
          <com:street2>2230 Bandmate Way</com:street2>
          <com:city>Raleigh</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>27607</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>09/02/2025</saleDate>
      <amountOfSecuritiesSold>2150</amountOfSecuritiesSold>
      <grossProceeds>32162.28</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Daryl Raiford</name>
        <address>
          <com:street1>c/o Bandwidth Inc.</com:street1>
          <com:street2>2230 Bandmate Way</com:street2>
          <com:city>Raleigh</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>27607</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>09/03/2025</saleDate>
      <amountOfSecuritiesSold>4117</amountOfSecuritiesSold>
      <grossProceeds>62708.09</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Daryl Raiford</name>
        <address>
          <com:street1>c/o Bandwidth Inc.</com:street1>
          <com:street2>2230 Bandmate Way</com:street2>
          <com:city>Raleigh</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>27607</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>09/04/2025</saleDate>
      <amountOfSecuritiesSold>2594</amountOfSecuritiesSold>
      <grossProceeds>40108.69</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Daryl Raiford</name>
        <address>
          <com:street1>c/o Bandwidth Inc.</com:street1>
          <com:street2>2230 Bandmate Way</com:street2>
          <com:city>Raleigh</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>27607</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>09/05/2025</saleDate>
      <amountOfSecuritiesSold>19000</amountOfSecuritiesSold>
      <grossProceeds>294587.40</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Daryl Raiford</name>
        <address>
          <com:street1>c/o Bandwidth Inc.</com:street1>
          <com:street2>2230 Bandmate Way</com:street2>
          <com:city>Raleigh</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>27607</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>09/08/2025</saleDate>
      <amountOfSecuritiesSold>5000</amountOfSecuritiesSold>
      <grossProceeds>78534.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Daryl Riaford IRA</name>
        <address>
          <com:street1>c/o Bandwidth Inc.</com:street1>
          <com:street2>2230 Bandmate Way</com:street2>
          <com:city>Raleigh</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>27607</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>09/08/2025</saleDate>
      <amountOfSecuritiesSold>1625</amountOfSecuritiesSold>
      <grossProceeds>25512.50</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Daryl Raiford</name>
        <address>
          <com:street1>c/o Bandwidth Inc.</com:street1>
          <com:street2>2230 Bandmate Way</com:street2>
          <com:city>Raleigh</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>27607</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>09/09/2025</saleDate>
      <amountOfSecuritiesSold>14143</amountOfSecuritiesSold>
      <grossProceeds>218778.07</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Daryl Raiford IRA</name>
        <address>
          <com:street1>c/o Bandwidth Inc.</com:street1>
          <com:street2>2230 Bandmate Way</com:street2>
          <com:city>Raleigh</com:city>
          <com:stateOrCountry>NC</com:stateOrCountry>
          <com:zipCode>27607</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>09/11/2025</saleDate>
      <amountOfSecuritiesSold>14500</amountOfSecuritiesSold>
      <grossProceeds>225084.95</grossProceeds>
    </securitiesSoldInPast3Months>
    <remarks>The shares covered hereby are shares sold or may be sold within the next three months: (i) to cover taxes upon the vesting of Restricted Stock Units (''RSUs''), pursuant to a Rule 10b5-1 instruction letter adopted by the Reporting Person on March 3, 2023 related solely to tax obligations associated with awards received in connection with the Issuer's equity compensation programs, or (ii) following the vesting of RSUs pursuant to the Rule 10b5-1 plan adopted by the Reporting Person on December 12, 2024.</remarks>
    <noticeSignature>
      <noticeDate>11/24/2025</noticeDate>
      <planAdoptionDates>
        <planAdoptionDate>03/03/2023</planAdoptionDate>
      </planAdoptionDates>
      <signature>/s/ Lorna A. Knick, Attorney-in-Fact for Daryl Raiford</signature>
    </noticeSignature>
  </formData>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
