Iridium (IRDM) director gains 48.5 dividend equivalent RSU rights after $0.15 payout

Rhea-AI Filing Summary

Iridium Communications Inc. director Thomas Fitzpatrick reported an acquisition of additional stock-based rights tied to his existing equity awards. He received 48.5 shares worth of dividend equivalent rights on restricted stock units as a result of a declared cash dividend of $0.15 per share on Iridium common stock. These rights will vest and settle under the same terms as the original restricted stock units and entitle him to one share of common stock for each right upon settlement. Following this grant, Fitzpatrick’s reported holdings increased to 267,538.6 shares of Iridium common stock in total, reflecting a routine, compensation-related adjustment rather than an open-market transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider FITZPATRICK THOMAS

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	48.5	$0.00	--

Holdings After Transaction: Common Stock — 267,538.6 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent rights granted: 48.5 shares Post-transaction holdings: 267,538.6 shares Quarterly cash dividend: $0.15 per share

3 metrics

Dividend equivalent rights granted 48.5 shares Grant of dividend equivalents on RSUs from cash dividend

Post-transaction holdings 267,538.6 shares Total common stock beneficially owned after grant

Quarterly cash dividend $0.15 per share Dividend declared May 20, 2026 on common stock

Key Terms

restricted stock units, dividend equivalent right, Rule 16b-3

3 terms

restricted stock units financial

"The amount acquired in column 4 represents equivalent rights accrued as a result of the Dividend on restricted stock units"

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"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:08 PM Accepted by SEC EDGAR 07/02/2026 - 04:06 PM Learn about SEC filing dates

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^*

FITZPATRICK THOMAS

(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)
06/30/2026

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)	06/30/2026		A		48.5	A	$0	267,538.6	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 May 20, 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 June 30, 2026 to stockholders of record of the common stock at the close of business on June 15, 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	07/02/2026
	** 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 did Iridium Communications (IRDM) director Thomas Fitzpatrick report on this Form 4?

Thomas Fitzpatrick reported acquiring 48.5 dividend equivalent rights tied to restricted stock units. These rights arose from Iridium’s $0.15 per-share cash dividend and will settle into common shares under the same vesting terms as the original RSUs.

Is the Iridium (IRDM) Form 4 filing a stock purchase or sale by the director?

The Form 4 does not show an open-market purchase or sale. It records a grant-type acquisition (code A) of 48.5 dividend equivalent rights on existing restricted stock units, a routine compensation-related adjustment rather than a discretionary trade.

How many Iridium (IRDM) shares does Thomas Fitzpatrick hold after this transaction?

After receiving the dividend equivalent rights, Thomas Fitzpatrick’s reported beneficial ownership is 267,538.6 shares of Iridium common stock. This total includes the incremental 48.5 share-equivalent rights linked to his outstanding restricted stock units.

What triggered the 48.5 dividend equivalent rights reported for Iridium (IRDM)?

The dividend equivalent rights stem from Iridium’s quarterly cash dividend of $0.15 per share declared on May 20, 2026. They accrued on restricted stock units held by the director and mirror the dividend paid on outstanding common shares.

How do the dividend equivalent rights in this Iridium (IRDM) Form 4 work?

Each dividend equivalent right entitles the director to receive one share of Iridium common stock when the related restricted stock units settle. The rights share the same vesting and settlement conditions as the original RSUs granted to him.