Robert H. Niehaus - Oct 23, 2024 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Director
Signature
/s/ Brian F. Leaf, Attorney-in-Fact
Stock symbol
IRDM
Transactions as of
Oct 23, 2024
Transactions value $
-$915,150
Form type
4
Date filed
10/24/2024, 04:57 PM
Previous filing
Oct 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Options Exercise $352K +38.4K +15.05% $9.18 293K Oct 23, 2024 Direct
transaction IRDM Common Stock Sale -$1.13M -38.4K -13.08% $29.39 255K Oct 23, 2024 Direct F1

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 Stock Option (Right to Buy) Options Exercise -$140K -38.4K -100% $3.65 0 Oct 23, 2024 Common Stock 38.4K $9.18 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $29.14 to $29.64 per share. 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.
F2 This option was fully vested as of December 31, 2015.