MATTHEW J. DESCH - 15 Mar 2024 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: 15 Mar 2024
Transactions value $: $1,410,441
Form type: 4
Filing time: 18 Mar 2024, 16:30:33 UTC
Previous filing: 05 Mar 2024
Next filing: 04 Jun 2024
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	$1,410,440	+149,253	+17%	$9.45^*	1,025,868	15 Mar 2024	Direct

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	-149,253	-100%	$0^*	0	15 Mar 2024	Common Stock	149,253	$9.45	Direct	F1

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

Explanation of Responses:

Id	Content
F1	These options vested and became exercisable as to 25% of the shares of common stock underlying the option on March 1, 2016 and quarterly thereafter in equal installments on June 1, September 1 and December 1 such that all shares of common stock underlying the option vested and became exercisable on March 1, 2019.