Company: IRDM
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001628280-25-035835
Chunk: 72

Company: Iridium Communications Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part II, Item 1A
Chunk 72
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ITEM 1A.     RISK FACTORS.

Our business is subject to risks and events that, if they occur, could adversely affect our financial condition and results of operations and the trading price of our securities. In addition to the other information set forth in this quarterly report on Form 10-Q, you should carefully consider the factors described in “Part I, Item 1A. Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission on February 13, 2025.

There have been no material changes from the risk factors described in the Annual Report. 

ITEM 2.     UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

Issuer Purchases of Equity Securities

Period(a)Total number of shares purchased(b)Average price paid per share(c)Total number of shares purchased as part of publicly announced plans or programs(d)Maximum dollar value of shares that may yet be purchased under the plans or programsApril 1-301,228,806 $24.40 1,228,806 $330.3 millionMay 1-31587,689 $25.51 587,689 $315.3 millionJune 1-30737,022 $27.13 737,022 $295.3 millionTotal2,553,517 $25.45 2,553,517 — 

Since initiating share repurchases in February 2021, our board of directors has authorized the repurchase of up to $1,500.0 million of our common stock, including the September 2024 authorization to repurchase up to $500.00 million through December 31, 2027. All shares included in the table above were purchased under this authorization in open market transactions. Amounts in the table above do not include commissions incurred or excise taxes payable in connection with the repurchases.

ITEM 3.     DEFAULTS UPON SENIOR SECURITIES.

None. 

ITEM 4.     MINE SAFETY DISCLOSURES.

Not applicable.

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ITEM 5.     OTHER INFORMATION.

Insider trading arrangements and policies

During our last fiscal quarter, our directors and officers (as defined in Rule 16a-1(f) under the Securities and Exchange Act of 1934, as amended) adopted or terminated the contracts