Form 4: Iridium CLO Sells Shares for Tax Obligations

Iridium Communications' Chief Legal Officer, Kathleen A. Morgan, disposed of 974 shares of common stock to cover tax liabilities related to accelerated vesting of restricted stock units.

Summary

• Kathleen A. Morgan, Chief Legal Officer of Iridium Communications Inc. (IRDM), reported a transaction on December 19, 2025.
• The transaction involved the disposition of 974 shares of Iridium Communications Common Stock at a price of $17.04 per share.
• This disposition was a withholding of shares to pay taxes associated with Ms. Morgan becoming eligible for accelerated vesting upon a qualified retirement under the issuer's 'sum of 70' program for certain restricted stock unit awards.
• Following this transaction, Ms. Morgan beneficially owns 77,876 shares of Common Stock directly.
• The transaction was made pursuant to a Rule 10b5-1 plan.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary insider transaction for tax withholding purposes, which is neutral in sentiment regarding the company's operational performance or strategic direction.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

This is a routine insider transaction for tax purposes and does not reflect broader industry trends or competitive dynamics. Such transactions are common for executives receiving equity compensation.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes by an executive, not indicative of a change in company fundamentals or executive sentiment.

Key Dates

Keywords

Iridium Communications, IRDM, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Executive Compensation