DESCH MATTHEW J 4
4 · Iridium Communications Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Iridium (IRDM) CEO Matthew Desch Sells 8,747 Shares
What Happened
Matthew J. Desch, CEO of Iridium Communications (IRDM), had 8,747 shares withheld by the company to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs). The shares were valued at $24.01 each for a total of approximately $210,015. This disposition is a tax withholding (reported as code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-09; Price per share: $24.01; Total value: ~$210,015.
- Transaction type: F (withholding of shares to cover tax liabilities on RSU vesting).
- Shares owned after the transaction: not specified in the provided filing.
- Filing date: 2026-03-11 — appears to be filed promptly after the transaction.
- Footnote: Withholding was used to satisfy the reporting person's tax obligations in connection with non-reportable vesting and settlement of RSUs.
Context
Tax-withholding dispositions are routine when RSUs vest and do not necessarily indicate a CEO selling to take profits or change market view. The filing reflects a company withholding shares to cover taxes rather than an active sale by the insider.
Insider Transaction Report
Form 4
DESCH MATTHEW J
DirectorChief Executive Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-03-09$24.01/sh−8,747$210,015→ 1,460,600 total
Footnotes (1)
- [F1]The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units.
Signature
/s/ Peter L. Trentman, Attorney-in-Fact|2026-03-11