DESCH MATTHEW J 4

What Happened
Matthew J. Desch, CEO of Iridium Communications (IRDM), had 9,583 shares withheld by the company on June 1, 2026 to satisfy tax withholding related to the vesting and settlement of restricted stock units (RSUs). The reported per-share value was $51.78, resulting in a withholding amount of $496,208. This was a tax-withholding disposition (code F), not an open-market sale or purchase.

Key Details

• Transaction date and price: 2026-06-01 — 9,583 shares withheld at $51.78 per share (total $496,208).
• Transaction code: F (shares withheld to satisfy tax withholding obligations).
• Footnote: Withholding represents issuer retention of shares to satisfy the reporting person's tax withholding obligations in connection with non-reportable RSU vesting and settlement.
• Shares owned after transaction: Not stated in the filing.
• Filing timeliness: Reported on 2026-06-02 for a 2026-06-01 transaction (filed the next day; not indicated as late).

Context
Withholding shares to cover taxes on vested RSUs is a routine administrative transaction and does not necessarily indicate insider sentiment about the company's stock. This was not a market sale by the CEO but an issuer-handled cashless settlement to meet tax obligations.