Suzanne E. McBride - 15 Aug 2022 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role: Chief Operations Officer, Director
Signature: /s/ Brian Leaf, Attorney-in-Fact
Issuer symbol: IRDM
Transactions as of: 15 Aug 2022
Net transactions value: -$176,475
Form type: 4
Filing time: 16 Aug 2022, 16:41:55 UTC
Previous filing: 02 Jun 2022
Next filing: 06 Sep 2022
SEC: View on sec.gov

Quoteable Key Fact

"Suzanne E. McBride filed Form 4 for Iridium Communications Inc. (IRDM) on 16 Aug 2022."

Quick Takeaways

This page summarizes Suzanne E. McBride's Form 4 filing for Iridium Communications Inc. (IRDM).
3 reported transactions and 1 derivative row are listed below.
Filing timestamp: 16 Aug 2022, 16:41.

What Changed

Previous filing in this sequence was filed on 02 Jun 2022.
Current net transaction value: -$176,475.

Why This Matters

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

IRDM transaction

Common Stock

Options Exercise

Transaction value: $173,625
Shares: +7,500
Change %: +6.8%
Price: $23.15
Shares after: 118,053
Date: 15 Aug 2022
Ownership: Direct

IRDM transaction

Common Stock

Sale

Transaction value: $350,100
Shares: -7,500
Change %: -6.4%
Price: $46.68
Shares after: 110,553
Date: 15 Aug 2022
Ownership: Direct
Footnotes: F1

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

IRDM transaction Derivative

Employee Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -7,500
Change %: -22%
Price: $0.000000
Shares after: 27,154
Date: 15 Aug 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,500
Exercise price: $23.15
Footnotes: 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 $46.436 to $46.96, 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 $46.436 to $46.96, 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.