MATTHEW J. DESCH - 05 Aug 2022 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role: Chief Executive Officer, Director
Signature: /s/Brian Leaf, Attorney-in-Fact
Issuer symbol: IRDM
Transactions as of: 05 Aug 2022
Net transactions value: -$3,208,536
Form type: 4
Filing time: 09 Aug 2022, 16:37:09 UTC
Previous filing: 02 Jun 2022
Next filing: 06 Sep 2022
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	$1,087,128	+178,804	+27%	$6.08^*	849,116	05 Aug 2022	Direct
transaction	IRDM	Common Stock	Sale	$4,217,526	-92,938	-11%	$45.38	756,178	05 Aug 2022	Direct	F1, F2
transaction	IRDM	Common Stock	Sale	$78,138	-1,723	-0.23%	$45.35	754,455	08 Aug 2022	Direct	F1, F3

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	-178,804	-100%	$0.000000^*	0	05 Aug 2022	Common Stock	178,804	$6.08	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These sales were for the sole purpose of paying the exercise price of the option reported on Table II of this form and the associated tax withholding obligations.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.165 to $45.76, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.345 to $45.36, 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.
F4	The options vested and became exercisable as to 25% of the shares on March 1, 2014 and quarterly thereafter in equal installments on June 1, September 1 and December 1 so that all shares of common stock underlying the option vested and became exercisable on March 1, 2017.