FITZPATRICK THOMAS 4
4 · Iridium Communications Inc. · Filed Jan 14, 2025
Insider Transaction Report
Form 4
FITZPATRICK THOMAS
Director
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2025-01-10−12,500→ 37,070 totalExercise: $9.45Exp: 2025-03-02→ Common Stock (12,500 underlying) - Exercise/Conversion
Common Stock
2025-01-10$9.45/sh+12,500$118,125→ 253,530 total - Exercise/Conversion
Common Stock
2025-01-13$9.45/sh+34,750$328,388→ 275,780 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2025-01-14−2,320→ 0 totalExercise: $9.45Exp: 2025-03-02→ Common Stock (2,320 underlying) - Sale
Common Stock
2025-01-10$28.53/sh−12,500$356,625→ 241,030 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2025-01-13−34,750→ 2,320 totalExercise: $9.45Exp: 2025-03-02→ Common Stock (34,750 underlying) - Exercise/Conversion
Common Stock
2025-01-14$9.45/sh+2,320$21,924→ 278,100 total
Footnotes (3)
- [F1]The reported transactions were made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 15, 2024, as amended.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.37 to $28.71, 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 4.
- [F3]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.