Matthew J. Desch - Mar 15, 2024 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
Mar 15, 2024
Transactions value $
$1,410,441
Form type
4
Date filed
3/18/2024, 04:30 PM
Previous filing
Mar 5, 2024
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Options Exercise $1.41M +149K +17.03% $9.45* 1.03M Mar 15, 2024 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 -149K -100% $0.00* 0 Mar 15, 2024 Common Stock 149K $9.45 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options vested and became exercisable as to 25% of the shares of common stock underlying the option on March 1, 2016 and quarterly thereafter in equal installments on June 1, September 1 and December 1 such that all shares of common stock underlying the option vested and became exercisable on March 1, 2019.