Robert H. Niehaus - May 1, 2023 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role
Director
Signature
/s/Brian Leaf, Attorney-in-Fact
Stock symbol
IRDM
Transactions as of
May 1, 2023
Transactions value $
-$3,346,749
Form type
4
Date filed
5/2/2023, 05:22 PM
Previous filing
Apr 3, 2023
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRDM Common Stock Options Exercise $346K +55.8K +22.59% $6.20* 303K May 1, 2023 Direct
transaction IRDM Common Stock Sale -$2.82M -44.4K -14.68% $63.49 258K May 1, 2023 Direct F1
transaction IRDM Common Stock Sale -$732K -11.3K -4.39% $64.49 247K May 1, 2023 Direct F2

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 -55.8K -100% $2.51* 0 May 1, 2023 Common Stock 55.8K $6.20 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.19 to $64.02, 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 Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.35 to $64.68, 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 Form 4.
F3 The shares underlying this option vested in four equal quarterly installments on the last day of each calendar quarter during 2014 and are immediately exercisable.