Form 4: Iridium Legal Officer Sells Shares for Tax Obligations

Iridium Communications' Chief Legal Officer, Kathleen A. Morgan, disposed of 1,215 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Kathleen A. Morgan, Chief Legal Officer of Iridium Communications Inc. (IRDM), reported a transaction on September 1, 2025.
• The transaction involved the disposition of 1,215 shares of common stock at a price of $24.89 per share.
• This disposition was a 'withholding' (transaction code 'F') by the issuer to satisfy tax withholding obligations associated with the vesting and settlement of restricted stock units.
• Following this transaction, Ms. Morgan beneficially owns 80,712 shares of Iridium Communications Inc. common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares to cover tax obligations upon the vesting of restricted stock units, indicating no change in management's investment sentiment.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor, routine administrative transaction with no material impact on company operations or valuation.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary disposition of shares by an executive to satisfy tax obligations upon the vesting of restricted stock units. Such transactions are common and do not typically reflect a change in the executive's or company's outlook, thus not warranting a change in investment recommendation based solely on this filing.

Keywords

Iridium Communications, IRDM, Form 4, insider transaction, stock sale, tax withholding, restricted stock units, Kathleen A. Morgan