Iridium officer plans sale of 2,013 shares
An Iridium Communications Inc. officer filed a Rule 144 notice to sell 2,013 restricted common shares, following a prior sale of 19,521 shares in August 2026.
Rhea-AI Filing Summary
Iridium Communications Inc. (IRDM) has an officer, Timothy J. Last, filing a notice under Rule 144 to sell common stock. The notice lists 2,013 shares of restricted common stock to be sold through Morgan Stanley Smith Barney LLC, with an aggregate value of 95,341.72 as of September 3, 2026, on NASDAQ.
The filing also reports that Timothy J. Last sold 19,521 common shares during the prior three months on August 17, 2026, for total proceeds of 982,753.51.
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Key Figures
Shares proposed to be sold: 2,013 shares
Aggregate value of proposed sale: 95,341.72
Shares sold in past three months: 19,521 shares
+2 more
5 metrics
Shares proposed to be sold
2,013 shares
Common stock of Iridium Communications Inc. under Rule 144
Aggregate value of proposed sale
95,341.72
Common shares as of September 3, 2026
Shares sold in past three months
19,521 shares
Common stock sale on August 17, 2026
Value of past three-month sale
982,753.51
Common stock sale on August 17, 2026
Security type
Restricted common stock
Shares to be sold by Timothy J. Last
Key Terms
Rule 144, Restricted Stock, Form 144, common stock
4 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 | 09/01/2026 | 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.
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
common stock financial
"Common | Morgan Stanley Smith Barney LLC Executive Financial Services"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What does the Form 144 filing disclose for IRDM?
The Form 144 discloses that Iridium Communications Inc. officer Timothy J. Last plans to sell 2,013 restricted common shares and reports a prior sale of 19,521 common shares during the past three months.
What recent sales by the filer in IRDM stock are reported in the past three months?
The filing reports that Timothy J. Last sold 19,521 common shares of Iridium Communications Inc. on August 17, 2026, for total consideration of 982,753.51.
What type of Iridium Communications Inc. securities are involved in this Form 144?
The securities are restricted common stock of Iridium Communications Inc., shown as common stock to be sold under Rule 144 through a broker.
AI-generated analysis. How Rhea-AI works. Not financial advice.