Iridium (NASDAQ: IRDM) legal chief sells 33,192 shares not tagged as 10b5-1
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.
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Insights
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Insider Trade Summary
Net Seller: 33,192 shares
Net Sell
2 txns
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)
- 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.
- 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.
Key Figures
Total shares sold: 33192 shares
First sale size: 32648 shares
First sale weighted average price: $50.34 per share
+2 more
5 metrics
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
Key Terms
weighted average price, open market or private transaction, Rule 10b5-1
3 terms
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.
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.