Thomas Fitzpatrick - Feb 22, 2023 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Chief Financial Officer, Director
Signature
/s/Brian Leaf, Attorney-in-Fact
Stock symbol
IRDM
Transactions as of
Feb 22, 2023
Transactions value $
-$9,874
Form type
4
Date filed
2/24/2023, 03:45 PM
Previous filing
Dec 5, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Options Exercise $1.71K +181 +0.12% $9.45 148K Feb 22, 2023 Direct
transaction IRDM Common Stock Sale -$11.6K -181 -0.12% $64.00 147K Feb 22, 2023 Direct

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 -181 -0.36% $0.00 49.6K Feb 22, 2023 Common Stock 181 $9.45 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Fully vested and immediately exercisable. These options vested as to 25% of the total option on March 1, 2016 and then quarterly thereafter in equal installments on each June 1, September 1 and December 1 such that all shares underlying the option fully vested on March 1, 2019.