Suzanne E. McBride - Jul 28, 2021 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role: Chief Operations Officer, Director
Signature: /s/ Brian Leaf, Attorney-in-Fact
Stock symbol: IRDM
Transactions as of: Jul 28, 2021
Transactions value $: -$577,490
Form type: 4
Date filed: 7/30/2021, 06:48 PM
Previous filing: Jun 3, 2021
Next filing: Sep 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IRDM	Common Stock	Options Exercise	$754K	+32.6K	+44.25%	$23.15	106K	Jul 28, 2021	Direct
transaction	IRDM	Common Stock	Sale	-$1.33M	-32.6K	-30.68%	$40.89	73.6K	Jul 28, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	IRDM	Employee Stock Option (Right to Buy)	Options Exercise	$0	-32.6K	-48.44%	$0.00	34.7K	Jul 28, 2021	Common Stock	32.6K	$23.15	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.74 to $41.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 to this Form 4.
F2	25% of the shares underlying the option vested and became exercisable on March 1, 2020 and the remaining shares underlying the option vest and become exercisable quarterly thereafter in equal installments on June 1, September 1 and December 1 so that all shares of common stock underlying the option shall vest and become exercisable on March 1, 2023.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.74 to $41.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 to this Form 4.

25% of the shares underlying the option vested and became exercisable on March 1, 2020 and the remaining shares underlying the option vest and become exercisable quarterly thereafter in equal installments on June 1, September 1 and December 1 so that all shares of common stock underlying the option shall vest and become exercisable on March 1, 2023.