Timothy Kapalka - Nov 7, 2022 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
Nov 7, 2022
Transactions value $
-$257,813
Form type
4
Date filed
11/8/2022, 04:26 PM
Previous filing
Nov 1, 2022
Next filing
Dec 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Options Exercise $70.3K +6.25K +31.41% $11.25* 26.1K Nov 7, 2022 Direct F1
transaction IRDM Common Stock Sale -$328K -6.25K -23.9% $52.50 19.9K Nov 7, 2022 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 Employee Stock Option (Right to Buy) Options Exercise $0 -6.25K -100% $0.00* 0 Nov 7, 2022 Common Stock 6.25K $11.25 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This exercise and corresponding sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 29, 2021, as amended on September 15, 2022.
F2 The shares underlying the portion of the option exercised and reported herein vested and became exercisable in two equal quarterly installments on June 1, 2021 and September 1, 2021, such that all of the shares subject to the option were fully vested on September 1, 2021.