Matthew J. Desch - Dec 1, 2022 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
Dec 1, 2022
Transactions value $
-$179,676
Form type
4
Date filed
12/5/2022, 03:16 PM
Previous filing
Nov 8, 2022
Next filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Gift $0 -38K -5.43% $0.00 662K Nov 11, 2022 Direct F1
transaction IRDM Common Stock Tax liability -$180K -3.41K -0.52% $52.66 659K Dec 1, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person transferred these shares to the Matt and Ann Desch Foundation (the "Foundation"), a charitable foundation, and the reporting person has voting and investment power over the shares held by the Foundation.
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 non-reportable vesting and settlement of restricted stock units.