MATTHEW J. DESCH - 09 Jan 2023 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Chief Executive Officer, Director
Signature
/s/Brian Leaf, Attorney-in-Fact
Issuer symbol
IRDM
Transactions as of
09 Jan 2023
Transactions value $
-$2,796,967
Form type
4
Filing time
11 Jan 2023, 17:10:23 UTC
Previous filing
06 Jan 2023
Next filing
13 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Sale -$168K -2.8K -0.47% $59.99 592K 09 Jan 2023 Direct F1
transaction IRDM Common Stock Sale -$2.09M -34.8K -5.88% $60.10 557K 10 Jan 2023 Direct F1, F2
transaction IRDM Common Stock Sale -$535K -8.92K -1.6% $59.99 549K 11 Jan 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 $59.95 to $60.50, 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 $60.08, 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.