Iridium Communications (NASDAQ: IRDM) EVP lists indirect shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Iridium Communications Inc. executive Donald Lee Thoma, EVP, Aireon, has filed an initial statement of beneficial ownership on Form 3. He reports indirect ownership of 8,228 shares of Iridium common stock held through the Donald Lee Thoma Revocable Trust dated 3/13/2024 and the Petra Jelonnek Revocable Trust dtd 3/13/2024. Thoma disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in them.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thoma Donald Lee
Role
EVP, Aireon
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,228 shares (Indirect, By Donald Lee Thoma Revocable Trust dated 3/13/2024 and Petra Jelonnek Revocable Trust dtd 3/13/2024)
Footnotes (1)
- [object Object]
Key Figures
Indirect common shares: 8,228 shares
Reported transactions: 1 holding entry
2 metrics
Indirect common shares
8,228 shares
Indirect ownership of Iridium Communications Inc. common stock reported on Form 3
Reported transactions
1 holding entry
One indirect common stock holding reported; no buys, sells, or derivative transactions
Key Terms
Form 3, beneficial ownership, pecuniary interest, revocable trust
4 terms
Form 3 regulatory
"filed an initial statement of beneficial ownership on Form 3"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership regulatory
"disclaims beneficial ownership of these securities except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest in them"
revocable trust financial
"Donald Lee Thoma Revocable Trust dated 3/13/2024"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What does Donald Lee Thoma's Form 3 for IRDM report?
The Form 3 reports that EVP Aireon Donald Lee Thoma has an indirect interest in 8,228 shares of Iridium Communications Inc. common stock, held through revocable trusts, with a footnote disclaiming beneficial ownership except for his pecuniary interest.
Are any buy or sell transactions reported in this IRDM Form 3?
No buy or sell activity is reported. The Form 3 functions as an initial holdings statement, showing one indirect common stock position and transaction counts of zero for purchases, sales, exercises, gifts, and tax withholdings.