| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IRDM | Common Stock | Sale | -500K | -3.68% | 13.1M | Aug 24, 2021 | Direct | F1, F2, F3 |
Baralonco Ltd is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | On August 24, 2021, Baralonco Limited sold 500,000 shares of common stock of the issuer in a single block trade pursuant to Rule 144 under the Securities Act of 1933, as amended, at a price of $38.00 per share. |
| F2 | This Form 4 is a joint filing with the former sole owner of Baralonco Limited, Khalid bin Abdullah bin Abdulrahman ("K. Abdullah"), at the same business address. K. Abdullah, who was the sole owner of Baralonco Limited, passed away on January 12, 2021, and his interest in Baralonco Limited is now held by his estate, which is currently in probate (or the equivalent proceedings under applicable local law) in Saudi Arabia. The estate is the indirect owner of the same shares as to which Baralonco Limited is the direct owner. On February 10, 2021, Fahd bin Khalid bin Abdullah bin Abdulrahman ("F. Khalid Abdullah") was appointed as the legal representative to the decedent's estate in probate. Pursuant to SEC rules, F. Khalid Abdullah, as the legal representative of the decedent's estate, may be deemed to be a 10% owner. |
| F3 | (continued from footnote 2) F. Khalid Abdullah disclaims beneficial ownership of the securities held directly by Baralonco Limited except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 of for any other purpose. |