Iridium officer sold 19,521 shares, plans more
An Iridium Communications officer filed a Rule 144 notice covering planned sales of restricted stock and disclosed two sizeable common stock sales in the prior three months.
Rhea-AI Filing Summary
Iridium Communications Inc. (IRDM) officer Timothy J. Last filed a notice under Rule 144 to sell shares of the company’s common stock, including multiple blocks of restricted stock originally issued by Iridium. The filing also reports recent open-market sales of Iridium common shares during the prior three months.
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Key Figures
Shares sold September 3, 2026: 2,013 shares
Aggregate proceeds September 3, 2026: $95,341.72
Shares sold August 17, 2026: 19,521 shares
+3 more
6 metrics
Shares sold September 3, 2026
2,013 shares
Common stock of Iridium Communications Inc. sold by Timothy J. Last
Aggregate proceeds September 3, 2026
$95,341.72
Total amount reported for 2,013 IRDM shares sold on that date
Shares sold August 17, 2026
19,521 shares
Common stock of Iridium Communications Inc. sold by Timothy J. Last
Aggregate proceeds August 17, 2026
$982,753.51
Total amount reported for 19,521 IRDM shares sold on that date
Example planned sale block
4,068 shares
Restricted common stock dated March 1, 2026 listed under securities to be sold
Additional planned sale blocks
246; 164; 412; 87; 314; 314 shares
Individual restricted-stock line items listed as securities to be sold
Key Terms
Rule 144, Restricted Stock, NASDAQ
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock financial
"Common | 12/01/2025 | Restricted Stock | Issuer |"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
NASDAQ market
"09/15/2026 | NASDAQ"
The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing by IRDM officer Timothy J. Last disclose?
It discloses that Timothy J. Last, an officer of Iridium Communications Inc. (IRDM), intends to sell shares of Iridium common stock under Rule 144, including restricted stock, and lists common stock sales already completed in the prior three months.
What IRDM stock sale did the Form 144 report for August 17, 2026?
For August 17, 2026, the Form 144 reports that Timothy J. Last sold 19,521 shares of Iridium Communications common stock for an aggregate amount of $982,753.51, listed under securities sold during the past three months.
What type of IRDM securities does Timothy J. Last plan to sell under Rule 144?
The notice lists restricted stock of Iridium Communications Inc. common stock to be sold under Rule 144, with several line items of restricted common shares originally issued by the company on dates including October 1, 2025, December 1, 2025, and March 1, 2026.
Which broker is named for the planned IRDM stock sales in the Form 144?
The Form 144 names Morgan Stanley Smith Barney LLC Executive Financial Services as the broker for the planned sales of Iridium Communications Inc. common stock, with the securities listed for trading on NASDAQ.
AI-generated analysis. How Rhea-AI works. Not financial advice.