Form 4 for IRDM Iridium Communications Inc.
Accepted 2025-03-04 00:00:00 ET · period of report 2025-03-01 · accession 0001415889-25-006691 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2025-03-04 | 2025-03-01+ | IRDM | DESCH MATTHEW J | CEO, Dir | F - Tax | $31.56 | -57.3K | 1.12M | -5% | -$1.81M |
| M | 2025-03-04 | 2025-03-01+ | IRDM | DESCH MATTHEW J | CEO, Dir | A - Grant | $0.00 | +177.9K | 1.01M | +21% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-03-01 | F | D | 19,714 | $31.56 | 962,981 | D | — | — | |
| 2 | Common | Common Stock | 2025-03-01 | F | D | 18,452 | $31.56 | 982,695 | D | — | — | |
| 3 | Common | Common Stock | 2025-03-02 | A | A | 20,004 | $0.00 | 1,130,809 | D | — | — | (F6) Represents the vested portion of a performance-based restricted stock unit award based on the issuer's satisfaction of certain performance criteria. In light of the performance-based vesting conditions of the award, such award was not reportable under Section 16 until vesting was determined, which occurred on March 2, 2025. |
| 4 | Common | Common Stock | 2025-03-01 | A | A | 110,899 | $0.00 | 1,110,805 | D | — | — | (F5) 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, 34% shall vest on March 1, 2026 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, 2028, subject to the reporting person's continuous service with the issuer as of each such vesting date. |
| 5 | Common | Common Stock | 2025-03-01 | F | D | 10,071 | $31.56 | 999,906 | D | — | — | |
| 6 | Common | Common Stock | 2025-03-01 | A | A | 46,996 | $0.00 | 1,009,977 | D | — | — | (F3) 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, 2,331 shares were previously withheld to pay taxes associated with the reporting person becoming eligible for accelerated vesting upon a qualified retirement under the issuer's "sum of 70" program. Of the remaining 44,665 shares, one-half vested on March 1, 2025 and the remainder will vest on March 1, 2026, subject to the reporting person's continuous service with the issuer as of the vesting date. |
| 7 | Common | Common Stock | 2025-03-02 | F | D | 9,021 | $31.56 | 1,121,788 | D | — | — |