Matthew J. Desch - Jan 5, 2023 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Chief Executive Officer, Director
Signature
/s/Brian Leaf, Attorney-in-Fact
Stock symbol
IRDM
Transactions as of
Jan 5, 2023
Transactions value $
-$1,770,224
Form type
4
Date filed
1/6/2023, 04:17 PM
Previous filing
Jan 5, 2023
Next filing
Jan 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Sale -$1.22M -22.4K -3.58% $54.30 604K Jan 5, 2023 Direct F1, F2
transaction IRDM Common Stock Sale -$552K -9.21K -1.52% $59.96 595K Jan 6, 2023 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 29, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.95 to $54.75, 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 Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.95 to $59.98, 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 Form 4.