Kapalka Timothy 4

What Happened Timothy Kapalka, Chief Administrative Officer of Iridium Satellite LLC (Iridium Communications/IRDM), received awards of restricted stock units (RSUs): 2,471 RSUs on 2026-02-26 and 13,569 RSUs on 2026-03-01 (total 16,040 RSUs) issued at $0.00 (grant). On 2026-03-01 the issuer withheld 1,871 shares (disposed) at $22.49 per share to satisfy tax withholding obligations, a withholding value of $42,079. The RSU grants are compensation awards (not open-market purchases); the withholding is routine tax withholding.

Key Details

• Transactions: 2/26/2026 — 2,471 RSUs granted @ $0.00; 3/01/2026 — 13,569 RSUs granted @ $0.00; 3/01/2026 — 1,871 shares withheld (F) @ $22.49 = $42,079.
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: 2,471 RSUs were certified as earned under the 2025 bonus plan; each RSU converts to one share and those shares will vest on March 9, 2026, subject to continued service.
  • F2: 13,569 RSUs are time-vesting: 34% vest on March 1, 2027, remainder vest quarterly through March 1, 2029, subject to continued service.
  • F3: The 1,871-share disposition reflects issuer withholding to satisfy tax withholding obligations.
• Filing: Form 4 filed 2026-03-02 covering transactions dated 2026-02-26 and 2026-03-01; the form itself does not indicate a late-filing flag.

Context RSUs are a common form of executive compensation and represent a contingent right to receive shares upon vesting — they are not immediate open-market purchases (which some investors view as a stronger bullish signal). The withheld shares are a routine, administrative step to cover tax liabilities and do not necessarily reflect a voluntary sale by the insider.