Krongard A B 4

4 · Iridium Communications Inc. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Iridium (IRDM) Director A.B. Krongard Receives 639.6-Share Award

What Happened

A.B. Krongard, a director of Iridium Communications (IRDM), was granted 639.6 shares on March 31, 2026 as dividend-equivalent rights related to restricted stock units (RSUs). The shares were recorded at $0.00 acquisition price (no cash paid).
These dividend equivalents were issued because the board declared a $0.15-per-share cash dividend; each dividend-equivalent right entitles the holder to one share upon settlement of the related RSUs and is subject to the same vesting and settlement terms as the original RSUs. The grant was approved under Rule 16b-3.

Key Details

Transaction date: 2026-03-31; Filing date: 2026-04-02 (timely)
Transaction type/code: Award/Grant (A) — dividend-equivalent rights
Shares acquired: 639.6; Price: $0.00; Reported value: $0
Notable footnotes: Dividend declared March 5, 2026 ($0.15/share). Dividend equivalents will convert to shares upon RSU settlement and follow the same vesting rules. Some shares are reported as held in a trust for the reporting person’s children; the reporting person disclaims beneficial ownership of those trust-held shares.
No indication of immediate sale or cash proceeds.

Context

Dividend-equivalent awards are not purchases or sales of stock; they simply increase the number of shares tied to existing RSUs and are typically subject to the RSUs’ vesting schedule. Such awards are routine corporate actions and do not necessarily signal insider buying or selling intent.

Form 4

Period: 2026-03-31

Director

Transactions

Holdings

Footnotes (2)

[F1]On March 5, 2026, 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 March 31, 2026 to stockholders of record of the common stock at the close of business on March 16, 2026 (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.
[F2]These shares are held in a trust for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Signature

/s/ Peter L. Trentman, Attorney-in-Fact|2026-04-02

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