FITZPATRICK THOMAS 4

What Happened

• Thomas Fitzpatrick, a director of Iridium Communications (IRDM), received 34,247 shares on vesting/settlement of performance-based restricted stock units (PSUs). The award is reported as an acquisition at $0.00 (no cash purchase).
• To satisfy tax withholding on the PSU settlement, 8,767 of those shares were withheld/disposed at $22.49 per share, totaling $197,170. This is a routine tax-withholding transaction, not an open-market sale.

Key Details

• Transaction dates: Award reported 2026-02-26 (PSUs were granted March 1, 2024 and — per the filing — settled on March 1, 2026). Withholding/disposition reported 2026-03-01.
• Price for withheld shares: $22.49 per share; withholding amount: 8,767 shares / $197,170.
• Award size: 34,247 shares certified as earned and settled (PSUs).
• Shares owned after the transaction: Not specified in the Form 4 filing.
• Footnotes: F1 confirms these were PSUs granted 3/1/2024 and settled 3/1/2026; F2 states the 8,767-share disposition reflects issuer withholding to satisfy the reporting person's tax withholding obligations.
• Filing timeliness: No late filing is indicated in the report.

Context

• This was a vesting/settlement of performance-based restricted stock units, with a portion withheld to cover taxes — a common, administrative action that does not necessarily indicate the director's market view.
• Because the shares were withheld by the issuer rather than sold on the open market, this is not an open-market sale by the insider.