Iridium (NASDAQ: IRDM) COO gifts 17,403 shares, holds 264,614
Rhea-AI Filing Summary
Iridium Communications Inc. (IRDM) reported that Chief Operations Officer and director Suzanne E. McBride made a bona fide gift of 17,403 shares of common stock on 2026-08-20. The gift carried no per-share consideration, and she now directly holds 264,614 common shares after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,403 shares
Net Sell
1 txn
Insider
McBride Suzanne E.
Role
Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 17,403 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 264,614 shares (Direct)
Key Figures
Shares gifted: 17,403 shares of Common Stock
Price per share: $0.00 per share
Shares owned after transaction: 264,614 shares of Common Stock
+1 more
4 metrics
Shares gifted
17,403 shares of Common Stock
Bona fide gift reported on 2026-08-20 by Suzanne E. McBride
Price per share
$0.00 per share
Reported consideration for the 17,403-share bona fide gift
Shares owned after transaction
264,614 shares of Common Stock
Direct ownership by Suzanne E. McBride following the gift
Gift transactions in this filing
1 bona fide gift for 17,403 shares
GiftCount and GiftShares from transaction summary
Key Terms
bona fide gift, non-derivative, Rule 10b5-1
3 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
non-derivative financial
"transaction_type: "non-derivative""
Rule 10b5-1 regulatory
"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did IRDM disclose for Suzanne E. McBride?
Suzanne E. McBride, Chief Operations Officer and director of Iridium Communications Inc. (IRDM), reported a bona fide gift of 17,403 shares of common stock on 2026-08-20, with no reported per-share consideration received for the transferred shares.
Was the IRDM insider gift made under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox was not marked, so the reported 17,403-share bona fide gift by Suzanne E. McBride was not affirmatively reported as made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.