Iridium Communications (NASDAQ: IRDM) insider plans 8,000-share sale
Rhea-AI Filing Summary
Iridium Communications Inc. (symbol IRDM) reports a planned sale of 8,000 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services. The proposed sale has an estimated aggregate value of $404,881.25 and is listed on NASDAQ with an anticipated sale date of 08/17/2026.
The filing also lists prior issuances from the company to the reporting person, including 4,250 shares of restricted stock dated 01/04/2025 and 3,750 shares classified as exercised shares dated 02/19/2025.
Positive
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Negative
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Key Figures
Planned shares to be sold: 8,000 shares
Estimated aggregate sale value: $404,881.25
Anticipated sale date: 08/17/2026
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5 metrics
Planned shares to be sold
8,000 shares
Common stock proposed for sale through Morgan Stanley Smith Barney LLC Executive Financial Services
Estimated aggregate sale value
$404,881.25
Estimated value of the 8,000 common shares proposed for sale
Anticipated sale date
08/17/2026
Date associated with the proposed sale of 8,000 shares
Restricted stock acquired
4,250 shares
Restricted stock from issuer dated 01/04/2025
Exercised shares acquired
3,750 shares
Exercised shares from issuer dated 02/19/2025
Key Terms
Form 144, Restricted Stock, Exercised Shares, Executive Financial Services
4 terms
Form 144 regulatory
"144: Filer Information | | | 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.
Restricted Stock financial
"Common | 01/04/2025 | 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.
Executive Financial Services financial
"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"
FAQ
What prior IRDM equity awards are referenced in this Form 144 notice?
The notice references 4,250 restricted stock shares dated 01/04/2025 and 3,750 exercised shares dated 02/19/2025. These entries describe how the reporting person previously acquired the securities from the issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.