Company: IRDM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015183
Chunk: 44

Company: Iridium Communications Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 44
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 that we maximize stockholders’ value by granting the appropriate number of equity incentive awards necessary to attract, reward and retain employees and directors.

#### Burn Rate
The following table provides detailed information regarding the activity related to our equity incentive plans for fiscal years 2024, 2023 and 2022. The average burn rate over this three-year period was 1.45%.

|                                                                                |     | Fiscal Year 2024 |     | Fiscal Year 2023 |     | Fiscal Year 2022 |
| Total number of shares of common stock subject to stock options granted        |     |                — |     |                — |     |                — |
| Total number of shares of common stock subject to full value awards granted(1) |     |        2,613,000 |     |        1,184,000 |     |        1,562,000 |
| Weighted-average number of shares of common stock outstanding                  |     |      118,566,000 |     |      125,598,000 |     |      128,255,000 |
| Burn Rate(2)                                                                   |     |            2.20% |     |            0.94% |     |            1.22% |

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(1) Each share issued as a full value award reduced the number of shares available for grant under the 2015 Plan by 1.8 shares.

(2) Burn rate is calculated as: (shares subject to stock options granted + shares subject to full value awards granted) / weighted-average shares outstanding.

#### Description of the Amended 2015 Plan
The material terms of the Amended 2015 Plan are described below. The following description of the Amended 2015 Plan is a summary only and is qualified in its entirety by reference to the complete text of the Amended 2015 Plan. Stockholders are urged to read the actual text of the Amended 2015 Plan in its entirety, which is attached to this Proxy Statement as Exhibit A .

#### Purpose
The Amended 2015 Plan is designed to secure and retain the services of our employees, directors and consultants, provide incentives for our employees, directors and consultants to exert maximum efforts for the success of our company and our affiliates, and provide a means by which our employees, directors and consultants may be given an opportunity to benefit from increases in the value of our common stock.

#### Types of Awards
The