Thomas C. Canfield - Feb 27, 2023 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role: Director
Signature: /s/Brian Leaf, Attorney-in-Fact
Stock symbol: IRDM
Transactions as of: Feb 27, 2023
Transactions value $: -$612,497
Form type: 4
Date filed: 2/28/2023, 03:47 PM
Previous filing: Feb 1, 2023
Next filing: Mar 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IRDM	Common Stock	Sale	-$612K	-10K	-5%	$61.03	191K	Feb 27, 2023	Direct	F1
holding	IRDM	Common Stock						36.7K	Feb 27, 2023	By Thomas C. Canfield 2017 GRAT	F2

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.01 to $61.16, 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 4.
F2	These shares are owned by a grantor retained annuity trust ("GRAT"). The reporting person is the trustee and sole annuitant of the GRAT.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.01 to $61.16, 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 4.

These shares are owned by a grantor retained annuity trust ("GRAT"). The reporting person is the trustee and sole annuitant of the GRAT.