Company: IRDM
Filing Date: 2025-03-17
Form Type: PRE 14A
Source: 0001628280-25-013200
Chunk: 43

Company: Iridium Communications Inc.
Filing Date: 2025-03-17
Form: PRE 14A
Chunk 43
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 of shares of common stock subject to outstanding stock options(1)                                                            |     | [•]                   |
| Total number of shares of common stock subject to outstanding full value awards(2)                                                        |     | [•]                   |
| Total number of shares of common stock available for grant under the 2015 Plan(3)                                                         |     | [•]                   |
| Total number of shares of common stock available for grant under other equity incentive plans                                             |     | —                     |
| Total number of additional shares of common stock requested in this Proposal 4                                                            |     | [•]                   |
| Total number of shares of common stock available for grant under the Amended 2015 Plan if this Proposal 4 is approved by our stockholders |     |                       |
| Total number of shares of common stock outstanding                                                                                        |     | [•]                   |
| Fully-diluted overhang(4)                                                                                                                 |     | [•]%                  |
| Per-share closing price of common stock as reported on Nasdaq Global Select Market                                                        |     | $[•]                  |

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(1) As of the record date, outstanding options had a weighted-average remaining term of [•] years and a weighted-average exercise price of $[•]. Such outstanding options are not entitled to any dividends or dividend equivalent rights.

(2) We refer to an “appreciation award” as a stock option or stock appreciation right with an exercise or strike price of at least 100% of the fair market value of the underlying common stock on the date of grant, and a “full value award” as any stock award that is not an appreciation award.

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

(4) Fully-diluted overhang is calculated as: (shares available for grant + shares subject to outstanding equity awards) / (shares outstanding + shares available for grant + shares subject to outstanding equity awards). For purposes of the foregoing, “shares available for grant” means the number of shares of common stock available for grant under the Amended 2015 Plan if this Proposal 4 is approved by our stockholders.

We Manage Our Equity Incentive Award Use Carefully, and Dilution Is Reasonable

We continue to believe that equity incentive awards such as service-based restricted stock unit awards, performance-based restricted stock unit awards and stock options are a vital part of our overall