Timothy Kapalka - Mar 2, 2023 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
CAO Iridium Satellite LLC
Signature
/s/Brian Leaf, Attorney-in-Fact
Stock symbol
IRDM
Transactions as of
Mar 2, 2023
Transactions value $
-$40,947
Form type
4
Date filed
3/6/2023, 03:15 PM
Previous filing
Mar 3, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Award $0 +1.47K +7.79% $0.00 20.4K Mar 2, 2023 Direct F1
transaction IRDM Common Stock Tax liability -$40.9K -663 -3.26% $61.76 19.7K Mar 2, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vested portion of a performance-based restricted stock unit award based on the issuer's satisfaction of certain performance criteria. In light of the performance-based vesting conditions of the award, such award was not reportable under Section 16 until vesting was determined, which occurred on March 2, 2023.
F2 The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award reported in footnote (1) herein.