Iridium (NASDAQ: IRDM) director gets 58.5 share dividend equivalents

Rhea-AI Filing Summary

Iridium Communications director Kay Sears acquired 58.5 shares of common stock-equivalent rights through a compensation-related grant. These dividend equivalent rights arose from a quarterly cash dividend of $0.15 per share declared on March 5, 2026 for stockholders of record on March 16, 2026 and payable March 31, 2026.

Each dividend equivalent right corresponds to one share of common stock upon settlement of the related restricted stock units and follows the same vesting and settlement terms. After this accrual, Sears directly holds 30,084.1 shares of Iridium common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sears Kay

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	58.5	$0.00	--

Holdings After Transaction: Common Stock — 30,084.1 shares (Direct)

Footnotes (1)

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Key Figures

Dividend equivalent rights granted: 58.5 shares Holdings after transaction: 30,084.1 shares Quarterly cash dividend: $0.15 per share +2 more

5 metrics

Dividend equivalent rights granted 58.5 shares Credited on March 31, 2026 as a result of the dividend

Holdings after transaction 30,084.1 shares Total Iridium common stock directly held by Kay Sears after grant

Quarterly cash dividend $0.15 per share Declared on March 5, 2026 on Iridium common stock

Dividend record date March 16, 2026 Stockholders of record on this date receive the $0.15 dividend

Dividend payment date March 31, 2026 Payment date for the $0.15 quarterly cash dividend

Key Terms

quarterly cash dividend, restricted stock units, dividend equivalent right, vesting and settlement, +1 more

5 terms

quarterly cash dividend financial

"the Issuer's board of directors declared a quarterly cash dividend in the amount of $0.15 per share"

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.

restricted stock units financial

"restricted stock units with respect to the Issuer's common stock ("Original RSUs") held by the reporting person"

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"

vesting and settlement financial

"subject to the same terms and conditions, including vesting and settlement, as the Original RSUs"

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.

Form 4 Insider Transactions: What Each Field Means →

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)
03/31/2026

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)	03/31/2026		A		58.5	A	$0	30,084.1	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 March 5, 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 March 31, 2026 to stockholders of record of the common stock at the close of business on March 16, 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	04/02/2026
	** 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) report for Kay Sears?

Iridium reported that director Kay Sears acquired 58.5 common stock-equivalent shares through dividend equivalent rights. These rights were credited on existing restricted stock units following a declared cash dividend and increase her direct holdings to 30,084.1 Iridium common shares.

How many Iridium (IRDM) shares does Kay Sears hold after this Form 4 filing?

After the reported transaction, director Kay Sears directly holds 30,084.1 shares of Iridium common stock. The filing shows this total includes 58.5 new dividend equivalent rights tied to existing restricted stock units that will settle into common shares under their vesting terms.

What dividend triggered the dividend equivalent rights for Iridium director Kay Sears?

Iridium’s board declared a quarterly cash dividend of $0.15 per common share on March 5, 2026. This dividend generated dividend equivalent rights on restricted stock units held by Kay Sears, entitling her to receive additional common shares upon settlement of those units under existing terms.

When are Iridium’s March 2026 dividend and record dates referenced in the Form 4?

The quarterly cash dividend of $0.15 per share is payable on March 31, 2026 to stockholders of record as of March 16, 2026. These dates define which restricted stock units earned dividend equivalent rights for director Kay Sears under the company’s board-approved compensation framework.

How do Iridium (IRDM) dividend equivalent rights work for Kay Sears’ restricted stock units?

Each dividend equivalent right credited to Kay Sears corresponds to one share of Iridium common stock upon settlement of the original restricted stock units. These rights follow the same vesting and settlement conditions as the underlying RSUs and were approved under Exchange Act Rule 16b-3.