Kathleen A. Morgan - Mar 1, 2023 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Signature
/s/Brian Leaf, Attorney-in-Fact
Stock symbol
IRDM
Transactions as of
Mar 1, 2023
Transactions value $
-$26,853
Form type
4
Date filed
3/3/2023, 03:18 PM
Previous filing
Feb 24, 2023
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Tax liability -$26.9K -436 -1.26% $61.59 34.2K Mar 1, 2023 Direct F1
transaction IRDM Common Stock Award $0 +12.2K +35.66% $0.00 46.3K Mar 1, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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. Of the shares underlying this restricted stock unit award, 25% shall vest on March 1, 2024 and the remainder shall vest in equal quarterly installments thereafter on each June 1, September 1, December 1 and March 1, so that all shares of common stock shall be vested as of March 1, 2027, subject to the reporting person's continuous service with the issuer as of each such vesting date.