Suzanne E. McBride - Aug 15, 2022 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: Aug 15, 2022
Transactions value $: -$176,475
Form type: 4
Date filed: 8/16/2022, 04:41 PM
Previous filing: Jun 2, 2022
Next filing: Sep 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IRDM	Common Stock	Options Exercise	$174K	+7.5K	+6.78%	$23.15	118K	Aug 15, 2022	Direct
transaction	IRDM	Common Stock	Sale	-$350K	-7.5K	-6.35%	$46.68	111K	Aug 15, 2022	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	-7.5K	-21.64%	$0.00	27.2K	Aug 15, 2022	Common Stock	7.5K	$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 $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.