IRDM insider accrues 1,097.4 shares from dividend equivalents on RSUs

Rhea-AI Filing Summary

Robert H. Niehaus, a director at Iridium Communications Inc. (IRDM), reported the acquisition of 1,097.4 dividend-equivalent shares on 09/30/2025 tied to previously granted restricted stock units. The dividend was declared at $0.15 per share on 07/23/2025, payable 09/30/2025 to holders of record on 09/15/2025, and the dividend-equivalent rights entitle the reporting person to one share per right upon RSU settlement, subject to the same vesting terms as the original RSUs. The acquisition price is reported as $0, and the reporting person’s beneficial ownership following the transaction is listed as 267,362.7 shares. The grant of the dividend-equivalent rights was approved by the board under Rule 16b-3.

Positive

• 1,097.4 dividend-equivalent shares were acquired, reflecting accruals on existing RSUs
• Grant of dividend-equivalent rights was approved under Rule 16b-3, complying with exchange-act safe harbor

Negative

• None.

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
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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).

1. Name and Address of Reporting Person^*

NIEHAUS ROBERT H

(Last) (First) (Middle)

C/O GCP CAPITAL PARTNERS LLC

600 LEXINGTON AVENUE, 31ST FLOOR

(Street)

NEW YORK NY 10022

(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)
09/30/2025

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)	09/30/2025		A		1,097.4	A	$0	267,362.7	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 July 23, 2025, the Issuer announced that its board of directors declared a quarterly cash dividend in the amount of $0.15 per share of its common stock, payable on September 30, 2025 to stockholders of record of the common stock at the close of business on September 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.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Patrick McClain, Attorney-in-Fact	10/02/2025
	** 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.
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FAQ

What did Robert H. Niehaus report on Form 4 for IRDM?

He reported acquiring 1,097.4 dividend-equivalent shares tied to previously granted RSUs, increasing his beneficial ownership to 267,362.7 shares.

Why were the shares acquired at a price of $0 on the Form 4 for IRDM?

The Form 4 shows the acquisition as dividend-equivalent rights credited on RSUs, recorded with a transaction price of $0.

What dividend triggered the dividend-equivalent acquisition for IRDM insiders?

The issuer declared a quarterly cash dividend of $0.15 per share on 07/23/2025, payable 09/30/2025 to holders of record on 09/15/2025.

How do the dividend-equivalent rights relate to the original RSUs for IRDM?

Each dividend-equivalent right entitles the holder to one share upon settlement and is subject to the same vesting and settlement terms as the original RSUs.

Was the dividend-equivalent grant for IRDM approved by the board?

Yes. The Form 4 states the grant of dividend-equivalent rights was approved by the board pursuant to Rule 16b-3.