Iridium (IRDM) CAO Timothy Kapalka Withholds 693 Shares for Taxes

What Happened
Timothy Kapalka, Chief Administrative Officer of Iridium Satellite LLC, had 693 shares withheld by the issuer to satisfy tax withholding obligations related to the non-reportable vesting and settlement of restricted stock units. The withheld shares were valued at $46.98 each, for a total of approximately $32,557. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-01; Filing date: 2026-09-02 (filed timely).
• Shares withheld/disposed: 693 at $46.98 per share; total value ≈ $32,557.
• Shares owned after transaction: Not disclosed on this Form 4.
• Footnote: Withholding of shares to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units (RSUs).
• Transaction type/code: F — tax withholding (not a voluntary sale or purchase).

Context
This action represents a routine, administrative withholding to cover taxes on vested RSUs and does not necessarily reflect a change in the insider's view of the company. Tax-withholding dispositions are common when equity awards vest and are distinct from open-market sales that may be interpreted as signaling.