Timothy Kapalka - 07 Nov 2022 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role: CAO Iridium Satellite LLC
Signature: /s/Brian Leaf, Attorney-in-Fact
Issuer symbol: IRDM
Transactions as of: 07 Nov 2022
Net transactions value: -$257,812
Form type: 4
Filing time: 08 Nov 2022, 16:26:10 UTC
Previous filing: 01 Nov 2022
Next filing: 05 Dec 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	Options Exercise	$70,312	+6,250	+31%	$11.25^*	26,146	07 Nov 2022	Direct	F1
transaction	IRDM	Common Stock	Sale	$328,125	-6,250	-24%	$52.50	19,896	07 Nov 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	-6,250	-100%	$0.000000^*	0	07 Nov 2022	Common Stock	6,250	$11.25	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	This exercise and corresponding sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 29, 2021, as amended on September 15, 2022.
F2	The shares underlying the portion of the option exercised and reported herein vested and became exercisable in two equal quarterly installments on June 1, 2021 and September 1, 2021, such that all of the shares subject to the option were fully vested on September 1, 2021.