Iridium Communications Inc. — Director's Dealing 2023

Jan 10, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Iridium Communications Inc. (IRDM)
CIK: 0001418819
Period of Report: 2023-01-05

Reporting Person: Krongard A B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-05	Common Stock	A	4042	$0.00	Acquired	120893	Direct
2023-01-05	Common Stock	A	1270	$53.18	Acquired	122163	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	207262	Indirect
Common Stock	160983	Indirect

Footnotes

F1: This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.

F2: The shares underlying this restricted stock unit award vest on January 5, 2024, subject to the reporting person's continued service with the issuer.

F3: The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan.

F4: The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan in lieu of (i) annual cash board member retainer fees of $50,000, (ii) committee chair fees in the amount of $10,000, and (iii) committee member fees in the amount of $7,500.

F5: These shares are held by the 2022 Alvin B. Krongard GRAT, a grantor retained annuity trust (the "GRAT"). The reporting person is the trustee and the sole annuitant of the GRAT.

F6: These shares are held in a trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.