Iridium (IRDM) EVP Timothy James Sells 1,498 Shares

What Happened
Timothy James, EVP, Sales & Marketing of Iridium Communications, had 1,498 shares withheld by the company to satisfy tax withholding obligations tied to the vesting/settlement of restricted stock units. The shares were valued at $51.78 each, for a total disposition of $77,566. This was a tax-withholding disposition (not an open-market sale or new purchase) and is a routine compensation-related transaction.

Key Details

• Transaction date: 2026-06-01
• Transaction type/code: Tax withholding for RSU settlement (Form 4 code F)
• Shares disposed: 1,498 at $51.78 per share
• Total value: $77,566
• Filing date (accession): 2026-06-02 (timely; filed the next day)
• Footnote: F1 — shares were withheld by the issuer to satisfy the reporting person's tax withholding obligations in connection with the non‑reportable vesting and settlement of restricted stock units.
• Shares owned after transaction: not specified in the provided filing details

Context
Withholding shares to cover taxes on vested RSUs is a common, administrative action and does not necessarily reflect the insider’s view on the company’s prospects. Unlike an open-market sale, these dispositions are tied to compensation and tax obligations rather than an active decision to sell shares for liquidity.