Iridium (IRDM) Director Eric Olson Sells 8,000 Shares

What Happened
Eric T. Olson, a director of Iridium Communications, sold 8,000 shares in an open-market disposition on August 17, 2026. The shares were sold at a weighted average price of $50.61, resulting in gross proceeds of approximately $404,880. This transaction is a sale (not a purchase or option exercise).

Key Details

• Transaction date: 2026-08-17 (reported on Form 4 filed 2026-08-19) — filing appears timely under Form 4 rules.
• Type: Sale (open market/private sale), code S.
• Shares sold: 8,000 at a weighted average price of $50.61; total ≈ $404,880.
• Price range: shares were sold in multiple trades at prices from $50.565 to $50.65 (footnote states the price is a weighted average and the filer can provide a per-trade breakdown on request).
• Shares owned after transaction: Not specified in the information provided on this filing.
• No 10b5-1 plan, tax-withholding, gift, or option-exercise notation was indicated in the provided details.

Context
Sales by directors can be routine (e.g., portfolio rebalancing or liquidity needs) and do not by themselves indicate a change in company fundamentals. This filing documents a straightforward open-market sale rather than an option exercise or award.