Timothy Kapalka - 01 Aug 2022 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
CAO IRIDIUM SATELLITE LLC
Signature
/s/ Brian Leaf, Attorney-in-Fact
Issuer symbol
IRDM
Transactions as of
01 Aug 2022
Net transactions value
-$60,904
Form type
4
Filing time
05 Aug 2024, 16:15:26 UTC
Previous filing
02 Jun 2022
Next filing
06 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Award $0 +4,688 +15% $0.000000 36,284 01 Aug 2022 Direct F1
transaction IRDM Common Stock Tax liability $60,904 -2,114 -5.8% $28.81 34,170 01 Aug 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. The shares underlying this restricted stock unit award vested in full on August 1, 2024.
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 units reported in the preceding row.