YEANEY JACQUELINE E 4

What Happened

• Jacqueline E. Yeaney, a director of Iridium Communications, was credited with 58.5 dividend-equivalent rights tied to her restricted stock units (RSUs) on March 31, 2026. The filing reports these as 58.5 shares acquired at $0.00 (transaction code A — award/grant). The grant was approved under Rule 16b-3 and represents dividend equivalents, not a cash purchase or open-market trade.

Key Details

• Transaction date: March 31, 2026.
• Transaction type/code: Award / A (dividend-equivalent rights on RSUs).
• Shares acquired: 58.5; Price reported: $0.00; Total cash value in filing: $0.
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: Board declared a $0.15 per-share quarterly cash dividend payable March 31, 2026; dividend equivalents were credited on existing RSUs and will convert to shares upon RSU settlement subject to the same vesting terms.
• Filing date: April 2, 2026 — appears to be filed promptly (Form 4 typically due within two business days of the transaction).

Context

• These are dividend-equivalent rights that mirror the quarterly cash dividend on the underlying RSUs. They will result in shares only when the related RSUs vest/settle and are subject to the same terms and restrictions as the original RSUs. This is a corporate compensation/dividend accounting event rather than a purchase or sale of stock by the director and does not by itself signal buying or selling intent.