THOMAS FITZPATRICK - 10 Jan 2025 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Director
Signature
/s/ Brian F. Leaf, Attorney-in-Fact
Issuer symbol
IRDM
Transactions as of
10 Jan 2025
Net transactions value
+$111,812
Form type
4
Filing time
14 Jan 2025, 17:00:09 UTC
Previous filing
08 Jan 2025
Next filing
04 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Options Exercise $118,125 +12,500 +5.2% $9.45 253,530 10 Jan 2025 Direct F1
transaction IRDM Common Stock Sale $356,625 -12,500 -4.9% $28.53 241,030 10 Jan 2025 Direct F1, F2
transaction IRDM Common Stock Options Exercise $328,388 +34,750 +14% $9.45 275,780 13 Jan 2025 Direct
transaction IRDM Common Stock Options Exercise $21,924 +2,320 +0.84% $9.45 278,100 14 Jan 2025 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 -12,500 -25% $0.000000 37,070 10 Jan 2025 Common Stock 12,500 $9.45 Direct F1, F3
transaction IRDM Employee Stock Option (Right to Buy) Options Exercise $0 -34,750 -94% $0.000000 2,320 13 Jan 2025 Common Stock 34,750 $9.45 Direct F3
transaction IRDM Employee Stock Option (Right to Buy) Options Exercise $0 -2,320 -100% $0.000000 0 14 Jan 2025 Common Stock 2,320 $9.45 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported transactions were made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 15, 2024, as amended.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.37 to $28.71, 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.
F3 Fully vested and immediately exercisable. These options vested as to 25% of the total option on March 1, 2016 and then quarterly thereafter in equal installments on each June 1, September 1 and December 1 such that all shares underlying the option fully vested on March 1, 2019.