STOCK TITAN

Iridium (NASDAQ: IRDM) legal chief sells 33,192 shares not tagged as 10b5-1

(Very High)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Iridium Communications Inc. (IRDM) reported that Chief Legal Officer Kathleen A. Morgan sold a total of 33192 shares of common stock on 2026-08-17 in open-market or private transactions. The sales included 32648 shares at a weighted average price of $50.34 and 544 shares at a weighted average price of $50.85, each executed across multiple individual trades within disclosed price ranges.

Positive

  • None.

Negative

  • None.

Insights

Analyzing...

Insider Morgan Kathleen A.
Role Chief Legal Officer
Sold 33,192 shs ($1.67M)
Type Security Shares Price Value
Sale Common Stock F1 32,648 $50.34 $1.64M
Sale Common Stock F2 544 $50.85 $28K
Holdings After Transaction: Common Stock — 124,871 shares (Direct)
Footnotes (2)
  1. F1. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.84 to $50.84, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
  2. F2. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.845 to $50.88, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
Total shares sold 33192 shares Aggregate common shares sold by Kathleen A. Morgan on 2026-08-17
First sale size 32648 shares Common stock sold at weighted average price of $50.34
First sale weighted average price $50.34 per share Weighted average for trades between $49.84 and $50.84
Second sale size 544 shares Common stock sold at weighted average price of $50.85
Second sale weighted average price $50.85 per share Weighted average for trades between $50.845 and $50.88
weighted average price financial
"This price is a weighted average price. These shares were sold in multiple"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
Rule 10b5-1 regulatory
"Rule 10b5-1 checkbox is not marked as relying on a trading plan"
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 transactions did IRDM report for Kathleen A. Morgan on 2026-08-17?

IRDM reported that Chief Legal Officer Kathleen A. Morgan sold 33192 common shares on 2026-08-17 in open-market or private transactions, split into two reported sale blocks at different weighted average prices.

At what prices were Kathleen A. Morgan’s IRDM shares sold?

Morgan sold 32648 IRDM shares at a weighted average price of $50.34 and 544 shares at a weighted average price of $50.85, with individual trades occurring within specified price ranges around those averages.

What price ranges applied to the 32648-share IRDM sale by Kathleen A. Morgan?

The 32648 IRDM shares were sold in multiple transactions at prices ranging from $49.84 to $50.84, inclusive, with $50.34 reported as the weighted average sale price for this block.

What price ranges applied to the 544-share IRDM sale by Kathleen A. Morgan?

The 544 IRDM shares were sold in multiple transactions at prices ranging from $50.845 to $50.88, inclusive, with $50.85 reported as the weighted average sale price for this smaller sale block.

Were Kathleen A. Morgan’s August 2026 IRDM stock sales under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not marked as relying on a trading plan, indicating these reported IRDM stock sales were not affirmatively designated as made pursuant to a Rule 10b5-1 plan.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Morgan Kathleen A.

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock08/17/2026S32,648D$50.34(1)125,415D
Common Stock08/17/2026S544D$50.85(2)124,871D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.84 to $50.84, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
2. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.845 to $50.88, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
/s/ Peter L. Trentman, Attorney-in-Fact08/19/2026
** Signature of Reporting PersonDate
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)