Iridium (NASDAQ: IRDM) director granted RSUs and dividend equivalents

Rhea-AI Filing Summary

Iridium Communications Inc. director Jacqueline E. Yeaney reported stock-based awards rather than open-market trades. On December 31, 2025, she acquired 58.3 shares of common stock equivalents at $0, reflecting dividend-equivalent rights credited on her restricted stock units after a $0.15 per-share quarterly dividend was declared. On January 6, 2026, she received a grant of 10,822 restricted stock units at $0 under the company’s director compensation plan, increasing her directly held common stock and RSU-related share equivalents to 25,251.3 shares. Each restricted stock unit represents a contingent right to receive one share of common stock and the shares underlying this award are scheduled to vest on January 6, 2027, subject to her continued service.

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

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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^*

YEANEY JACQUELINE E

(Last) (First) (Middle)

C/O IRIDIUM COMMUNICATIONS INC.

1750 TYSONS BOULEVARD, SUITE 1400

(Street)

MCLEAN VA 22102

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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

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

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

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)	12/31/2025		A		58.3	A	$0	14,429.3	D
Common Stock(2)	01/06/2026		A		10,822(3)	A	$0(4)	25,251.3	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 December 4, 2025, 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 December 31, 2025 to stockholders of record of the common stock at the close of business on December 15, 2025 (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.

2. This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.

3. The shares underlying this restricted stock unit award vest on January 6, 2027, subject to the reporting person's continued service with the issuer

4. The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan.

	/s/ Peter L. Trentman, Attorney-in-Fact	01/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did Iridium (IRDM) report for director Jacqueline E. Yeaney?

The filing reports that director Jacqueline E. Yeaney acquired additional equity-based interests in Iridium Communications Inc. common stock through dividend-equivalent rights on December 31, 2025, and a new restricted stock unit (RSU) award on January 6, 2026, all at a price of $0 per unit.

How many Iridium shares or units did Jacqueline Yeaney receive in this Form 4?

The reporting person acquired 58.3 shares of common stock equivalents tied to dividend-equivalent rights on December 31, 2025, and a grant of 10,822 restricted stock units on January 6, 2026, bringing her directly held common stock and RSU-related share equivalents to 25,251.3 shares after the January 6 transaction.

What are the dividend-equivalent rights reported for Iridium (IRDM) in this filing?

The filing explains that Iridium’s board declared a quarterly cash dividend of $0.15 per share on December 4, 2025, payable on December 31, 2025. The 58.3 shares shown in the Form 4 represent dividend-equivalent rights credited on the reporting person’s existing restricted stock units, with each right entitling her to one share of common stock upon settlement under the same vesting and settlement terms as the original RSUs.

What are the terms of the restricted stock units granted to the Iridium director?

The reported 10,822 restricted stock units each represent a contingent right to receive one share of Iridium common stock. According to the disclosure, the shares underlying this RSU award are scheduled to vest on January 6, 2027, and the grant was made under Iridium’s director compensation plan, subject to the reporting person’s continued service with the company.

Did Jacqueline Yeaney buy Iridium shares on the open market in this Form 4?

No open-market purchases or sales are reported. The transactions are coded as acquisitions at $0 per share, reflecting stock-based compensation and dividend-equivalent rights credited on existing restricted stock units, all held with direct ownership.

How is the ownership form classified for Jacqueline Yeaney’s Iridium holdings in this report?

The Form 4 classifies the reporting person’s holdings as direct ownership (D). After the January 6, 2026 RSU grant, her directly held common stock and RSU-related share equivalents total 25,251.3 shares, according to the table of non-derivative securities.