| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IRDM | Common Stock | Sale | -$5.22M | -115K | -49.6% | $45.39 | 117K | Aug 19, 2022 | Direct | F1 |
| holding | IRDM | Common Stock | 207K | Aug 19, 2022 | By 2022 Alvin B. Krongard GRAT | F2 | |||||
| holding | IRDM | Common Stock | 161K | Aug 19, 2022 | By Krongard Irrevocable Equity Trust dated June 30, 2009 | F3 |
| Id | Content |
|---|---|
| F1 | The sale reported herein was a private sale by the reporting person to a trust established for the benefit of the reporting person's immediate family members. Neither the reporting person nor the reporting person's spouse are trustees of the trust or otherwise have investment control over the securities held by the trust. The reporting person has no pecuniary interest in the trust. |
| F2 | These shares were previously owned directly by the reporting person and were contributed to a grantor retained annuity trust (GRAT) on June 29, 2022. The reporting person is the trustee and sole annuitant of the GRAT. |
| F3 | These shares are held in a trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. |