Matthew J. Desch - 01 Dec 2021 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Chief Executive Officer, Director
Signature
/s/Brian Leaf, Attorney-in-Fact
Issuer symbol
IRDM
Transactions as of
01 Dec 2021
Net transactions value
-$140,360
Form type
4
Filing time
03 Dec 2021, 18:24:33 UTC
Previous filing
03 Sep 2021
Next filing
28 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Gift $0 -1,000 -0.17% $0.000000 599,949 12 Nov 2021 Direct F1
transaction IRDM Common Stock Tax liability $140,360 -3,762 -0.63% $37.31 596,187 01 Dec 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person transferred these shares to the Matt and Ann Desch Foundation (the "Foundation"), a charitable foundation, and the Reporting Person has voting and investment power over the shares held by the Foundation.
F2 The transaction reported represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units.