Iridium Communications Inc
For the period ended Sep 30, 2024. Filed Oct 17, 2024.
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Sep 30, 2024 · Filed Oct 17, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
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 programs |
|---|---|---|---|---|
| July 1-31 | 1,136,965 | $27.47 | 1,136,965 | $149.5 million |
| August 1-31 | 1,754,789 | $26.91 | 1,754,789 | $102.3 million |
| September 1-30 | 1,787,350 | $28.03 | 1,787,350 | $552.2 million |
| Total | 4,679,104 | $27.48 | 4,679,104 | — |
In July 2023, our board of directors authorized a share repurchase program of up to $400.0 million through December 31, 2025, and in September 2024, our board of directors authorized an additional share repurchase program of up to $500.0 million through December 31, 2027. Since initiating share repurchases in February 2021, our board has authorized the repurchase of an aggregate $1,500.0 million of our common stock, including the programs referenced above. All shares included in the table above were purchased under this authorization in open market transactions, which does not include commissions or excise taxes.
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