Iridium Communications (IRDM) director gets 384.8 dividend-equivalent RSUs

Rhea-AI Filing Summary

Iridium Communications Inc. director Eric T. Olson reported an automatic equity award tied to a recent dividend. On June 30, 2026 he acquired 384.8 shares of common stock at a stated price of $0.00 per share, reflecting dividend equivalent rights on existing restricted stock units.

The filing shows Olson holding 157,680.1 shares of common stock directly after this transaction. The footnote explains that Iridium’s board had declared a quarterly cash dividend of $0.15 per share on May 20, 2026, payable June 30, 2026 to stockholders of record on June 15, 2026, and that these dividend equivalent rights were approved under Rule 16b-3.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Olson Eric T

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	384.8	$0.00	--

Holdings After Transaction: Common Stock — 157,680.1 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 384.8 shares Holdings after transaction: 157,680.1 shares Quarterly dividend: $0.15 per share +2 more

5 metrics

Shares acquired 384.8 shares Common stock grant on June 30, 2026

Holdings after transaction 157,680.1 shares Direct ownership following June 30, 2026 award

Quarterly dividend $0.15 per share Declared May 20, 2026 on common stock

Dividend record date June 15, 2026 Stockholders of record eligible for $0.15 dividend

Dividend payment date June 30, 2026 Cash dividend and related RSU equivalents payable

Key Terms

restricted stock units, dividend equivalent right, Rule 16b-3

3 terms

restricted stock units financial

"The amount acquired ... represents equivalent rights accrued as a result of the Dividend on restricted stock units with respect to the Issuer's common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend equivalent right financial

"Each dividend equivalent right entitles the reporting person to receive one share of the Issuer's common stock upon the settlement"

Rule 16b-3 regulatory

"The grant of dividend equivalent rights was approved by the Issuer's board of directors pursuant to Rule 16b-3 of the Securities Exchange Act of 1934"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:08 PM Accepted by SEC EDGAR 07/02/2026 - 04:07 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Olson Eric T

(Last) (First) (Middle)

C/O IRIDIUM COMMUNICATIONS INC.

1676 INTERNATIONAL DRIVE, SUITE 1100

(Street)

MCLEAN VIRGINIA 22102

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Iridium Communications Inc. [ IRDM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	06/30/2026		A		384.8	A	$0	157,680.1	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On May 20, 2026, the Issuer's board of directors declared a quarterly cash dividend in the amount of $0.15 per share of its common stock, payable on June 30, 2026 to stockholders of record of the common stock at the close of business on June 15, 2026 (the "Dividend"). The amount acquired in column 4 represents equivalent rights accrued as a result of the Dividend on restricted stock units with respect to the Issuer's common stock ("Original RSUs") held by the reporting person. Each dividend equivalent right entitles the reporting person to receive one share of the Issuer's common stock upon the settlement of the Original RSUs and is subject to the same terms and conditions, including vesting and settlement, as the Original RSUs to which it relates. The grant of dividend equivalent rights was approved by the Issuer's board of directors pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended.

	/s/ Peter L. Trentman, Attorney-in-Fact	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Iridium Communications (IRDM) director Eric Olson report?

Director Eric Olson reported an acquisition of 384.8 shares of Iridium common stock at a stated price of $0.00 per share. These shares represent dividend equivalent rights tied to his existing restricted stock units rather than an open-market purchase.

How many Iridium Communications (IRDM) shares does Eric Olson hold after this Form 4?

After the reported transaction, Eric Olson holds 157,680.1 shares of Iridium Communications common stock directly. This total includes the 384.8 shares acquired as dividend equivalent rights associated with his previously granted restricted stock units in the company.

What dividend triggered the RSU dividend equivalents reported for Iridium (IRDM)?

Iridium’s board declared a quarterly cash dividend of $0.15 per share on May 20, 2026. It is payable on June 30, 2026 to stockholders of record on June 15, 2026. Olson’s 384.8-share award reflects dividend equivalent rights on his restricted stock units.

Are Eric Olson’s new Iridium (IRDM) shares from an open-market purchase or compensation?

The 384.8 shares reported are compensation-related, not an open-market purchase. They are dividend equivalent rights accruing on existing restricted stock units, with each right payable in one share when the original RSUs settle, under the same vesting terms.

Under what rule were Iridium (IRDM) dividend equivalent rights to Eric Olson approved?

The grant of dividend equivalent rights to Eric Olson was approved by Iridium’s board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934. This rule governs certain insider transactions and board-approved equity compensation arrangements for directors and officers.