Iridium (NASDAQ: IRDM) director to sell 15,046 shares in 2026
Rhea-AI Filing Summary
Iridium Communications Inc. (IRDM) director Thomas Fitzpatrick filed a notice of proposed sale of restricted securities under Rule 144. He plans to sell up to 15,046 shares of common stock held at The Charles Schwab Corporation, with an aggregate market value of 745,905.45 as of 08/18/2026.
The shares to be sold were acquired as employee compensation from Iridium on three grant dates: 2,337 shares on 08/12/2010, 10,000 shares on 08/07/2012, and 2,709 shares on 05/09/2014.
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Key Figures
Shares proposed for sale: 15,046 shares
Aggregate market value: 745,905.45
Grant 1 shares: 2,337 shares
+3 more
6 metrics
Shares proposed for sale
15,046 shares
Total common shares of Iridium Communications Inc. to be sold under Rule 144
Aggregate market value
745,905.45
Aggregate market value of 15,046 shares as of planned sale date 08/18/2026
Grant 1 shares
2,337 shares
Common stock acquired as employee compensation on 08/12/2010
Grant 2 shares
10,000 shares
Common stock acquired as employee compensation on 08/07/2012
Grant 3 shares
2,709 shares
Common stock acquired as employee compensation on 05/09/2014
Planned sale date
08/18/2026
Date associated with the proposed Rule 144 sale of 15,046 shares
Key Terms
Rule 144, Employee Compensation, aggregate market value
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.
Employee Compensation financial
"Common | 08/12/2010 | Employee Compensation | Issuer"
aggregate market value financial
"Common | 15046 | 745905.45 | 105960383 | 08/18/2026"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
FAQ
What does the Form 144 filing disclose for Iridium Communications Inc. (IRDM)?
The filing discloses that director Thomas Fitzpatrick intends to sell up to 15,046 shares of Iridium Communications Inc. common stock under Rule 144. These shares were previously received as employee compensation on several grant dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.