Iridium director granted 29.8 dividend RSU rights

Iridium Communications Inc. director Kay Sears reported a compensation-related acquisition of common stock.

Rhea-AI Filing Summary

Iridium Communications Inc. director Kay Sears reported a compensation-related acquisition of common stock. Sears received 29.8 shares through dividend equivalent rights tied to existing restricted stock units, following a declared quarterly cash dividend of $0.15 per share. After this grant, Sears directly holds 30,113.9 shares of Iridium common stock. Each dividend equivalent right will deliver one share when the underlying restricted stock units settle and remains subject to the same vesting terms, with the grant approved by Iridium’s board under Rule 16b-3.

Insider Trade Summary

Grant/Award: 29.8 shares

Grant/Award 1 txn

Insider Sears Kay

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	29.8	$0.00	$0.00

Holdings After Transaction: Common Stock — 30,113.9 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Shares acquired via dividend equivalents: 29.8 shares Price per share for grant: $0.00 per share Post-transaction direct holdings: 30,113.9 shares +3 more

6 metrics

Shares acquired via dividend equivalents 29.8 shares Grant of dividend equivalent rights on restricted stock units, transaction date June 30, 2026

Price per share for grant $0.00 per share Compensation-related award, no cash paid by the director

Post-transaction direct holdings 30,113.9 shares Common stock directly held by Kay Sears following the transaction

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

Dividend record date June 15, 2026 Stockholders of record date for the $0.15 per share dividend

Dividend payment date June 30, 2026 Scheduled payment date for the quarterly cash dividend

Key Terms

restricted stock units, dividend equivalent right, quarterly cash dividend, Rule 16b-3, +1 more

5 terms

restricted stock units financial

"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"

quarterly cash dividend financial

"declared a quarterly cash dividend in the amount of $0.15 per share of its common stock"

A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.

Rule 16b-3 regulatory

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

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.

stockholders of record financial

"payable on June 30, 2026 to stockholders of record of the common stock at the close of business on June 15, 2026"

Stockholders of record are the people or entities whose names appear on a company's official shareholder list on a specific cutoff date set by the company or its transfer agent; only those listed are entitled to receive dividends, vote at shareholder meetings, or participate in other corporate actions. Think of it like a guest list for an event: being on the list on the set day determines who gets the benefits and rights, so investors must own shares before the cutoff to qualify.

FAQ

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

What did Iridium Communications (IRDM) director Kay Sears report on this Form 4?

Kay Sears reported receiving 29.8 Iridium common shares through dividend equivalent rights linked to existing restricted stock units. This reflects a compensation-related adjustment driven by the company’s declared cash dividend, rather than an open-market stock purchase or sale.

How many Iridium (IRDM) shares does Kay Sears hold after this transaction?

After the grant, Kay Sears directly holds 30,113.9 shares of Iridium common stock. The additional 29.8 shares came from dividend equivalent rights attached to restricted stock units and follow the same vesting and settlement terms as those original awards.

What dividend did Iridium Communications (IRDM) declare related to this Form 4?

Iridium’s board declared a quarterly cash dividend of $0.15 per common share on May 20, 2026. It is payable on June 30, 2026, to stockholders of record at the close of business on June 15, 2026, and triggered these dividend equivalent rights.

What are dividend equivalent rights in Iridium’s (IRDM) restricted stock units?

Dividend equivalent rights give the holder additional share-based credits when the company pays dividends. For Kay Sears, each dividend equivalent right corresponds to one Iridium common share upon settlement of the original restricted stock units and follows the same vesting and settlement conditions.

Was Kay Sears’ Iridium (IRDM) transaction an open-market stock purchase?

No, the transaction was not an open-market purchase. The 29.8 shares reflect a grant of dividend equivalent rights tied to existing restricted stock units, with no purchase price per share and terms approved under Rule 16b-3 by Iridium’s board of directors.

How were the dividend equivalent rights for Kay Sears approved at Iridium (IRDM)?

The grant of dividend equivalent rights to Kay Sears was approved by Iridium’s board of directors under Rule 16b-3. This rule governs insider transactions involving equity compensation, allowing board-approved awards to receive specific regulatory treatment under the Securities Exchange Act of 1934.

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

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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^*

Sears Kay

(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		29.8	A	$0	30,113.9	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)