Iridium Communications (IRDM) insider sale leaves 282,017 shares held
Rhea-AI Filing Summary
Iridium Communications Inc. (IRDM) reported that Chief Operations Officer and director Suzanne E. McBride sold common stock in an open-market transaction. She sold 85,454 shares on 2026-08-17 at a weighted average price of $50.28 per share, with individual sale prices ranging from $50.00 to $50.90. Following this sale, she directly holds 282,017 shares of Iridium common stock.
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Insights
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Insider Trade Summary
Net Seller: 85,454 shares
Net Sell
1 txn
Insider
McBride Suzanne E.
Role
Chief Operations Officer
Sold
85,454 shs ($4.30M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 85,454 | $50.28 | $4.30M |
Holdings After Transaction:
Common Stock — 282,017 shares (Direct)
Footnotes (1)
- F1. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.90, 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
Shares sold: 85,454 shares
Weighted average sale price: $50.28 per share
Sale price range: $50.00 to $50.90 per share
+1 more
4 metrics
Shares sold
85,454 shares
Common stock sale reported by Suzanne E. McBride on 2026-08-17
Weighted average sale price
$50.28 per share
Weighted average price for the 85,454 shares sold
Sale price range
$50.00 to $50.90 per share
Range of individual transaction prices within the reported sale
Shares held after transaction
282,017 shares
Direct ownership of Iridium common stock by Suzanne E. McBride after the sale
Key Terms
weighted average price, open market or private transaction, transaction code
3 terms
weighted average price financial
"This price is a weighted average price."
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
"Sale in open market or private transaction"
transaction code regulatory
"transaction_code_description": "Sale in open market or private transaction""
FAQ
What insider transaction did IRDM report for Suzanne E. McBride on this Form 4?
Suzanne E. McBride reported a sale of 85,454 shares of Iridium Communications common stock. The sale occurred on 2026-08-17 in an open-market or private transaction as classified by transaction code S.
Was the Iridium Communications (IRDM) insider sale under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan. No footnote indicates that the reported 85,454-share sale on 2026-08-17 was executed pursuant to a Rule 10b5-1 trading arrangement.
What does transaction code "S" mean in the Iridium Communications (IRDM) Form 4?
Transaction code "S" designates a sale in an open market or private transaction. In this case, it indicates that Suzanne E. McBride disposed of 85,454 Iridium Communications common shares rather than acquiring additional shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.