Iridium (IRDM) CAO Timothy Kapalka Sells 13,473 Shares

What Happened

• Timothy Kapalka, CAO of Iridium Satellite LLC, reported a sale of 13,473 shares of Iridium Communications (IRDM) on 2026-08-17. The transaction was reported as an open-market or private sale at a weighted average price of $50.51 per share, for total proceeds of approximately $680,521. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date: 2026-08-17; Form 4 filed: 2026-08-19 (filed within the typical 2-business-day window).
• Shares sold: 13,473; weighted average price: $50.51; total value: ~$680,521.
• Price range: shares were sold in multiple transactions at prices from $50.02 to $50.89 (per footnote); the reporting person can provide a breakdown of quantities at each price upon request.
• Shares owned after the transaction: not disclosed in the provided filing.
• No 10b5-1 plan, tax withholding, option exercise, or gifting notation included in the filing.

Context

• Sales by insiders can be routine (diversification, liquidity, tax reasons) and do not by themselves signal company performance; purchases tend to be considered more informative about insider confidence. The filing appears timely and provides a weighted average price with a disclosed range; further detail on per-trade prices is available from the filer on request.