Scheimreif Scott 4

What Happened

• Scott Scheimreif, Executive Vice President — Government Programs at Iridium Communications (IRDM), had 2,205 shares withheld by the company to satisfy tax withholding obligations related to restricted stock unit vesting. The withholding was recorded at $51.78 per share, for a total value of approximately $114,175. This was a tax-withholding/net settlement of RSUs, not an open-market sale or purchase.

Key Details

• Transaction date: 2026-06-01; Filing date: 2026-06-02 (timely).
• Price reported: $51.78 per share.
• Shares withheld/disposed: 2,205 (total value ≈ $114,175).
• Transaction code: F — withholding of shares to satisfy tax obligations.
• Footnote: The shares were withheld by the issuer to cover the reporting person’s tax withholding obligations in connection with non‑reportable vesting and settlement of RSUs.
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.

Context

• This was a routine tax-withholding event (net share settlement) tied to RSU vesting, not a market sale intended to realize gains. Such withholding transactions are common and generally do not signal insider buying or selling intent.