THOMAS FITZPATRICK - 22 Feb 2023 Form 4 Insider Report for Iridium Communications Inc. (IRDM)

Role: Chief Financial Officer, Director
Signature: /s/Brian Leaf, Attorney-in-Fact
Issuer symbol: IRDM
Transactions as of: 22 Feb 2023
Net transactions value: -$9,874
Form type: 4
Filing time: 24 Feb 2023, 15:45:06 UTC
Previous filing: 05 Dec 2022
Next filing: 03 Mar 2023
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	$1,710	+181	+0.12%	$9.45	147,587	22 Feb 2023	Direct
transaction	IRDM	Common Stock	Sale	$11,584	-181	-0.12%	$64.00	147,406	22 Feb 2023	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	-181	-0.36%	$0.000000	49,570	22 Feb 2023	Common Stock	181	$9.45	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Fully vested and immediately exercisable. These options vested as to 25% of the total option on March 1, 2016 and then quarterly thereafter in equal installments on each June 1, September 1 and December 1 such that all shares underlying the option fully vested on March 1, 2019.