Olson Eric T 4

4 · Iridium Communications Inc. · Filed Jul 2, 2026

AI-generated summary of this filing

Updated Jul 3, 2026

Iridium (IRDM) Director Eric Olson Receives 384.8-Share Award

What Happened

Eric T. Olson, a director of Iridium Communications (IRDM), was credited with 384.8 shares on 2026-06-30 as an award/acquisition (code A). The reported acquisition price is $0.00 — these are dividend-equivalent rights tied to previously granted restricted stock units (RSUs), not an open‑market purchase or sale.

Key Details

Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely).
Amount acquired: 384.8 shares; Price per share reported: $0.00 (acquisition of dividend equivalents).
Shares owned after transaction: Not reported on this Form 4.
Footnote: On May 20, 2026 the board declared a $0.15 per-share cash dividend payable June 30 to holders of record June 15. The 384.8 shares represent dividend-equivalent rights credited on Olson’s original RSUs; each right converts to one share upon RSU settlement and is subject to the same vesting/settlement terms. Grant approved under Rule 16b-3.

Context

Dividend-equivalent awards are common: they credit additional RSU-related shares corresponding to cash dividends and do not represent a cash purchase or sale by the insider. They do not, by themselves, signal a change in the director’s buying/selling behavior.

Form 4

Period: 2026-06-30

Director

Transactions

Footnotes (1)

[F1]On May 20, 2026, the Issuer's board of directors declared a quarterly cash dividend in the amount of $0.15 per share of its common stock, payable on June 30, 2026 to stockholders of record of the common stock at the close of business on June 15, 2026 (the "Dividend"). The amount acquired in column 4 represents equivalent rights accrued as a result of the Dividend on restricted stock units with respect to the Issuer's common stock ("Original RSUs") held by the reporting person. Each dividend equivalent right entitles the reporting person to receive one share of the Issuer's common stock upon the settlement of the Original RSUs and is subject to the same terms and conditions, including vesting and settlement, as the Original RSUs to which it relates. The grant of dividend equivalent rights was approved by the Issuer's board of directors pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended.

Signature

/s/ Peter L. Trentman, Attorney-in-Fact|2026-07-02

1 file