Iridium affiliate plans $10.5M stock sale

Iridium Communications Inc. (IRDM) has a notice indicating an affiliate plans the potential sale of its common stock under Rule 144.

Rhea-AI Filing Summary

Iridium Communications Inc. (IRDM) has a notice indicating an affiliate plans the potential sale of its common stock under Rule 144. The filing lists 209,233 shares of common stock with an approximate aggregate market value of $10,508,445.87, to be sold on NASDAQ with an indicated sale date of 08/17/2026.

The shares proposed for sale were acquired from the issuer as exercised shares and restricted stock, including 34,750 shares acquired on 01/13/2025, 2,320 shares on 01/14/2026 (both for cash), and 172,163 shares of restricted stock dated 03/01/2020.

Key Figures

Shares proposed to be sold: 209233 shares Approximate market value: $10,508,445.87 Intended sale date: 08/17/2026 +3 more

6 metrics

Shares proposed to be sold 209233 shares Common stock listed for potential sale under Rule 144

Approximate market value $10,508,445.87 Aggregate market value of 209,233 shares of common stock

Intended sale date 08/17/2026 Planned date for sale of common stock on NASDAQ

Exercised shares acquired 01/13/2025 34750 shares Common stock acquired from issuer for cash

Exercised shares acquired 01/14/2026 2320 shares Common stock acquired from issuer for cash

Restricted stock dated 03/01/2020 172163 shares Common stock acquired from issuer as restricted stock

Key Terms

Rule 144, Restricted Stock, Exercised Shares

3 terms

Rule 144 regulatory

"notice indicating an affiliate plans the potential sale of its common stock under 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 | 03/01/2020 | 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.

Exercised Shares financial

"Common | 01/13/2025 | Exercised Shares | Issuer"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for IRDM disclose?

The Form 144 for IRDM discloses a proposed sale of 209,233 shares of common stock under Rule 144. It reports an approximate aggregate market value of $10,508,445.87 and identifies the securities as being sold on NASDAQ.

How many Iridium Communications (IRDM) shares are proposed to be sold?

The filing lists a proposed sale of 209,233 shares of IRDM common stock. These shares were previously acquired from the issuer through a combination of exercised stock and restricted stock awards on several historical acquisition dates.

What is the approximate market value of the IRDM shares in this Form 144?

The Form 144 reports an approximate aggregate market value of $10,508,445.87 for the 209,233 shares of IRDM common stock proposed for sale. This figure reflects the filer’s estimate associated with the planned Rule 144 transaction.

When are the IRDM shares expected to be sold according to the Form 144?

The notice indicates an intended sale date of 08/17/2026 for the IRDM common stock on NASDAQ. This reflects the filer’s planned timing for potential disposition of the 209,233 shares under Rule 144 conditions.

How were the IRDM shares in the Form 144 originally acquired?

The shares were acquired from the issuer as exercised shares and restricted stock. The filing cites 34,750 shares acquired on 01/13/2025, 2,320 on 01/14/2026 for cash, and 172,163 restricted shares dated 03/01/2020.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/17/2026 - 05:13 PM Accepted by SEC EDGAR 08/17/2026 - 05:12 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001229996
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	IRIDIUM COMMUNICATIONS INC.
SEC File Number	001-33963
Address of Issuer	1676 International Drive, Suite 1100 McLean VIRGINIA 22102
Phone	703-287-7400
Name of Person for Whose Account the Securities are To Be Sold	THOMAS FITZPATRICK
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	209233	10508445.87	105960383	08/17/2026	NASDAQ

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/13/2025	Exercised Shares	Issuer			34750	01/13/2025	Cash
Common	01/14/2026	Exercised Shares	Issuer			2320	01/14/2026	Cash
Common	03/01/2020	Restricted Stock	Issuer			172163	03/01/2020	Not Applicable

* 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

Nothing to Report

144: Remarks and Signature

Remarks	The securities to be sold were acquired upon the vesting of Restricted Stock during the period of 03/01/2020 through 07/01/2025.
Date of Notice	08/17/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Thomas J Fitzpatrick
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)