FITZPATRICK THOMAS 4

What Happened
Thomas Fitzpatrick, a director of Iridium Communications, was credited with 48.5 shares on June 30, 2026 as an award/acquisition (code A) at a reported price of $0.00 (total reported value $0). The award represents dividend-equivalent rights that accrued on restricted stock units (Original RSUs) following the board-declared $0.15 per-share quarterly cash dividend.

Key Details

• Transaction date: June 30, 2026; Filing date (Form 4): July 2, 2026 (timely filing).
• Transaction type/code: Grant/award (A). Shares acquired: 48.5; reported price per share: $0.00; reported cash value: $0.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The 48.5 shares are dividend-equivalent rights tied to Original RSUs — each right entitles the holder to one share upon settlement and is subject to the same vesting and settlement terms as the Original RSUs. The grant was approved under Rule 16b-3.
• No 10b5-1 or tax-withholding mechanics were indicated in the filing.

Context
This was not a market purchase or sale but a routine accrual of dividend-equivalent rights on existing RSUs; such credits are common after dividend declarations and do not by themselves indicate insider buying or selling sentiment. These rights will convert to shares only upon settlement of the underlying RSUs and remain subject to their vesting/settlement conditions.