Iridium (IRDM) EVP Timothy Last Withholds 1,501 Shares for Taxes

What Happened
Timothy James Last, EVP, Sales & Marketing at Iridium Communications (IRDM), had 1,501 shares withheld by the company to satisfy tax withholding related to the vesting and settlement of restricted stock units. The shares were valued at $46.98 each, for a total of approximately $70,517. This is a routine tax-withholding disposition (transaction code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-09-01; Filing date: 2026-09-02 (appears timely).
• Shares withheld/disposed: 1,501 at $46.98 per share; total value ≈ $70,517.
• Transaction code: F (share withholding to satisfy tax obligations).
• Footnote: Filing notes the withholding was to satisfy the reporting person's tax obligations in connection with non-reportable RSU vesting and settlement.
• Shares owned after transaction: not specified in the provided filing summary.

Context
Tax-withholding disposals are common when restricted stock units vest; the company withholds and cancels or sells a portion of the shares to cover taxes. These transactions are administrative and generally do not signal an insider's buy/sell sentiment.