Company: IRDM
Filing Date: 2025-03-17
Form Type: PRE 14A
Source: 0001628280-25-013200
Chunk: 44

Company: Iridium Communications Inc.
Filing Date: 2025-03-17
Form: PRE 14A
Chunk 44
---
 compensation program. Our compensation philosophy reflects broad-based eligibility for equity incentive awards, and we grant awards to a majority of our employees. However, we recognize that equity incentive awards dilute existing stockholders, and, therefore, we must responsibly manage the growth of our equity compensation program. We are committed to effectively monitoring our equity compensation share reserve, including our “burn rate,” to ensure that we maximize stockholders’ value by granting the appropriate number of equity incentive awards necessary to attract, reward and retain employees and directors.

<div align='center'>25</div>

#### 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% |

______________________________________

(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 201