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Iridium (IRDM) director receives 10,822 RSUs and dividend rights

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Iridium Communications director Leon Anthony Frazier reported two stock-based awards. On December 31, 2025, he acquired 196 shares of common stock at $0 as dividend equivalent rights tied to existing restricted stock units, following a declared cash dividend of $0.15 per share. On January 6, 2026, he received an additional 10,822 restricted stock units at $0 under the issuer's director compensation plan, each representing one future share of common stock.

The new restricted stock units vest on January 6, 2027, subject to his continued service, and increased his directly held common stock and RSU-equivalent holdings to 46,228.9 shares after the latest grant.

Positive

  • None.

Negative

  • None.
Insider FRAZIER LEON ANTHONY
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 10,822 $0.00 --
Grant/Award Common Stock 196 $0.00 --
Holdings After Transaction: Common Stock — 46,228.9 shares (Direct)
Footnotes (1)
  1. On December 4, 2025, 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 December 31, 2025 to stockholders of record of the common stock at the close of business on December 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. This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. The shares underlying this restricted stock unit award vest on January 6, 2027, subject to the reporting person's continued service with the issuer. The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan.
Form 4 Insider Transactions: What Each Field Means →
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*
FRAZIER LEON ANTHONY
(Last) (First) (Middle)
C/O IRIDIUM COMMUNICATIONS INC.
1750 TYSONS BOULEVARD, SUITE 1400
(Street)
MCLEAN VA 22102
(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)
12/31/2025
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) 12/31/2025 A 196 A $0 35,406.9 D
Common Stock(2) 01/06/2026 A 10,822(3) A $0(4) 46,228.9 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 December 4, 2025, 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 December 31, 2025 to stockholders of record of the common stock at the close of business on December 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.
2. This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
3. The shares underlying this restricted stock unit award vest on January 6, 2027, subject to the reporting person's continued service with the issuer.
4. The restricted stock units were issued to the reporting person pursuant to the issuer's director compensation plan.
/s/ Peter L. Trentman, Attorney-in-Fact 01/07/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Iridium (IRDM) report for Leon Anthony Frazier?

The filing shows director Leon Anthony Frazier acquired 196 shares of common stock as dividend equivalent rights on December 31, 2025 and 10,822 restricted stock units on January 6, 2026, both at $0 per share.

What are the 196 Iridium (IRDM) shares reported on December 31, 2025?

The 196 shares reflect dividend equivalent rights credited on existing restricted stock units after a $0.15 per share quarterly cash dividend declared on December 4, 2025 and paid on December 31, 2025.

What did the 10,822 Iridium (IRDM) units granted on January 6, 2026 represent?

The 10,822 units are restricted stock units, each representing a contingent right to receive one share of Iridium common stock, issued under the company’s director compensation plan.

When do Leon Anthony Frazier’s new Iridium (IRDM) restricted stock units vest?

The shares underlying the 10,822 restricted stock units vest on January 6, 2027, subject to Frazier’s continued service with Iridium.

How many Iridium (IRDM) shares did the director hold after these transactions?

Following the reported transactions, Leon Anthony Frazier beneficially owned 46,228.9 shares of Iridium common stock on a directly held basis.

Was cash paid for the Iridium (IRDM) shares and units reported?

No cash was paid by the director for these awards; both the 196 shares of dividend equivalent rights and the 10,822 restricted stock units were reported at a price of $0 per share.