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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.

(Neutral)
(Neutral)
Form Type
144

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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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
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.

How many IRDM shares did Timothy J. Last sell on September 3, 2026?

On September 3, 2026, Timothy J. Last sold 2,013 shares of Iridium Communications common stock for an aggregate amount of $95,341.72, as reported in the Form 144 section covering securities sold during the past 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.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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