NIEHAUS ROBERT H 4

What Happened

• Robert H. Niehaus, a director of Iridium Communications, was credited with 742.9 shares on March 31, 2026 as a grant/award (recorded at $0.00). This represents dividend-equivalent rights tied to restricted stock units (RSUs), not an open-market purchase or sale.

Key Details

• Transaction date: March 31, 2026 — 742.9 shares acquired at $0.00 per share (reported acquisition).
• Filing date: April 2, 2026 (Form 4 accession 0001123292-26-000536).
• Shares owned after transaction: not specified in the filing.
• Footnote: These shares are dividend-equivalent rights accrued from a $0.15 per-share cash dividend declared March 5, 2026 and payable March 31, 2026. Each dividend-equivalent right entitles the holder to one share upon RSU settlement and is subject to the same vesting/settlement terms as the original RSUs. The grant was approved under Rule 16b-3.
• No cash was exchanged; the grant is recorded as $0.00 (typical for dividend-equivalent accruals).

Context

• Dividend-equivalent grants on RSUs simply credit additional units that will convert to shares if and when the underlying RSUs vest/settle; they are not the same as an outright purchase or sale and don't necessarily signal personal trading intent.
• Approved under Rule 16b-3, this is a routine corporate action reflecting the company’s dividend policy applied to outstanding equity awards.