Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is currently listed on the Nasdaq Global Select Market under the symbol “IRDM.” As of February 15, 2022 there were 133 holders of record of our common stock.
Dividend Policy
We have not paid any dividends on our common stock to date.
Stock Price Performance Graph
The graph below compares the cumulative total return of our common stock from December 31, 2016 through December 31, 2021 with the comparable cumulative return of three indices, the S&P 500 Index, the Dow Jones Industrial Average Index and the Nasdaq Telecommunications Index. The graph plots the growth in value of an initial investment of $100 in each of our common stock, the S&P 500 Index, the Dow Jones Industrial Average Index and the Nasdaq Telecommunications Index over the indicated time periods. The stock price performance shown on the graph is not necessarily indicative of future price performance. The following stock price performance graph shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, nor shall this information be incorporated by reference into any future filing under the Securities Act or the Exchange Act or any other document, except to the extent that we specifically incorporate it by reference into such filing or document.
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Issuer Purchases of Equity Securities
The following table presents our monthly share repurchases for the quarter ended December 31, 2021:
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
October 1-31 48,065 $36.81 48,065 $173.2 million
November 1-30 268,795 $38.39 268,795 $162.8 million
December 1-31 659,159 $39.80 659,159 $136.6 million
Total 976,019 $39.27 976,019 —
On February 10, 2021, we announced that our board of directors had approved the repurchase of up to $300.0 million of our common stock through December 31, 2022. All shares listed above were purchased under this share repurchase program in open market transactions.
Item 6. [Reserved].
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.