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[Form 4] Iridium Communications Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Iridium Communications Inc. (IRDM) filed a Form 4 disclosing that director Thomas C. Canfield acquired 991.3 additional common shares on 30 June 2025. The shares represent dividend-equivalent rights automatically credited to Mr. Canfield’s existing restricted stock units following the company’s previously announced $0.14 per-share cash dividend payable the same day. The award carries a transaction price of $0 and is subject to the same vesting and settlement terms as the underlying RSUs.

After the transaction, Mr. Canfield directly owns 214,617.4 common shares and indirectly controls another 36,682 shares through the Thomas C. Canfield 2017 GRAT. No derivative securities were reported, and there were no dispositions. Because the shares were issued as dividend equivalents rather than an open-market purchase, the filing mainly reflects an incremental increase in insider ownership rather than a proactive share-buying decision.

Iridium Communications Inc. (IRDM) ha presentato un Modulo 4 comunicando che il direttore Thomas C. Canfield ha acquisito ulteriori 991,3 azioni ordinarie il 30 giugno 2025. Le azioni rappresentano diritti equivalenti ai dividendi automaticamente accreditati alle unità di azioni ristrette già detenute da Canfield, a seguito del dividendo in contanti di $0,14 per azione annunciato dalla società e pagabile lo stesso giorno. L'assegnazione ha un prezzo di transazione pari a $0 ed è soggetta agli stessi termini di maturazione e regolamento delle RSU sottostanti.

Dopo l'operazione, Canfield possiede direttamente 214.617,4 azioni ordinarie e controlla indirettamente altre 36.682 azioni tramite il Thomas C. Canfield 2017 GRAT. Non sono stati segnalati strumenti derivati né cessioni. Poiché le azioni sono state emesse come equivalenti di dividendo e non acquistate sul mercato aperto, la comunicazione riflette principalmente un incremento nella proprietà interna piuttosto che una decisione attiva di acquisto di azioni.

Iridium Communications Inc. (IRDM) presentó un Formulario 4 informando que el director Thomas C. Canfield adquirió 991,3 acciones ordinarias adicionales el 30 de junio de 2025. Las acciones representan derechos equivalentes a dividendos acreditados automáticamente a las unidades restringidas de acciones que ya poseía el Sr. Canfield, tras el dividendo en efectivo de $0,14 por acción anunciado previamente por la empresa y pagadero ese mismo día. La adjudicación tiene un precio de transacción de $0 y está sujeta a los mismos términos de adquisición y liquidación que las RSU subyacentes.

Después de la transacción, el Sr. Canfield posee directamente 214.617,4 acciones ordinarias y controla indirectamente otras 36.682 acciones a través del Thomas C. Canfield 2017 GRAT. No se reportaron valores derivados ni disposiciones. Debido a que las acciones se emitieron como equivalentes de dividendos en lugar de una compra en el mercado abierto, la presentación refleja principalmente un aumento incremental en la propiedad interna más que una decisión proactiva de compra de acciones.

Iridium Communications Inc.(IRDM)� 2025� 6� 30� 이사 Thomas C. Canfield가 추가� 991.3주의 보통주를 취득했다� Form 4� 제출했습니다. 해당 주식은 회사가 이전� 발표� 주당 $0.14 현금 배당금이 같은 � 지급됨� 따라 Canfield 씨가 보유� 제한 주식 단위(RSU)� 자동으로 적립� 배당� 상당 권리� 나타냅니�. � 수여� 거래 가격이 $0이며 기초 RSU와 동일� 권리 확정 � 결제 조건� 적용됩니�.

거래 � Canfield 씨는 직접 214,617.4주의 보통주를 보유하고 있으� Thomas C. Canfield 2017 GRAT� 통해 간접적으� 36,682주를 통제하고 있습니다. 파생 증권은 보고되지 않았으며 처분� 없었습니�. 주식� 공개 시장에서 구매� 것이 아니� 배당� 상당 권리� 발행되었� 때문� 이번 제출은 적극적인 주식 매입 결정보다� 내부� 소유 지분의 점진� 증가� 주로 반영합니�.

Iridium Communications Inc. (IRDM) a déposé un formulaire 4 révélant que le directeur Thomas C. Canfield a acquis 991,3 actions ordinaires supplémentaires le 30 juin 2025. Ces actions représentent des droits équivalents aux dividendes automatiquement crédités aux unités d'actions restreintes déjà détenues par M. Canfield, suite au dividende en espèces de 0,14 $ par action annoncé précédemment par la société et payable le même jour. Cette attribution a un prix de transaction de 0 $ et est soumise aux mêmes conditions d'acquisition et de règlement que les RSU sous-jacentes.

Après la transaction, M. Canfield détient directement 214 617,4 actions ordinaires et contrôle indirectement 36 682 autres actions via le Thomas C. Canfield 2017 GRAT. Aucun titre dérivé n'a été déclaré et aucune cession n'a eu lieu. Étant donné que les actions ont été émises en tant qu'équivalents de dividendes plutôt que par un achat sur le marché libre, le dépôt reflète principalement une augmentation progressive de la propriété interne plutôt qu'une décision proactive d'achat d'actions.

Iridium Communications Inc. (IRDM) reichte ein Formular 4 ein, in dem offengelegt wurde, dass Direktor Thomas C. Canfield am 30. Juni 2025 weitere 991,3 Stammaktien erworben hat. Die Aktien stellen dividendenäquivalente Rechte dar, die Herrn Canfields bestehenden Restricted Stock Units automatisch gutgeschrieben wurden, nachdem das Unternehmen die zuvor angekündigte Bardividende von 0,14 USD pro Aktie am selben Tag ausgezahlt hatte. Die Zuteilung hat einen Transaktionspreis von 0 USD und unterliegt den gleichen Vesting- und Abwicklungsbedingungen wie die zugrunde liegenden RSUs.

Nach der Transaktion besitzt Herr Canfield direkt 214.617,4 Stammaktien und kontrolliert weitere 36.682 Aktien indirekt über den Thomas C. Canfield 2017 GRAT. Es wurden keine Derivate gemeldet und keine Veräußerungen getätigt. Da die Aktien als Dividendenäquivalente und nicht durch einen Kauf am offenen Markt ausgegeben wurden, spiegelt die Meldung hauptsächlich eine inkrementelle Erhöhung des Insiderbesitzes und keine aktive Aktienkaufentscheidung wider.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine dividend-equivalent credit; negligible ownership change; neutral impact.

The 991-share addition equates to roughly 0.5% of Mr. Canfield’s direct stake and is mechanically linked to the company’s quarterly dividend. It does not signal insider conviction through discretionary buying or selling. The director’s aggregate direct and indirect holdings now stand at roughly 251,300 shares, but the incremental change is immaterial to Iridium’s 125 million-plus share count. From a governance and sentiment perspective, the filing is neutral: insider ownership edges up, yet the action is automatic and cost-free. Investors should view it as standard administrative reporting rather than a catalyst.

Iridium Communications Inc. (IRDM) ha presentato un Modulo 4 comunicando che il direttore Thomas C. Canfield ha acquisito ulteriori 991,3 azioni ordinarie il 30 giugno 2025. Le azioni rappresentano diritti equivalenti ai dividendi automaticamente accreditati alle unità di azioni ristrette già detenute da Canfield, a seguito del dividendo in contanti di $0,14 per azione annunciato dalla società e pagabile lo stesso giorno. L'assegnazione ha un prezzo di transazione pari a $0 ed è soggetta agli stessi termini di maturazione e regolamento delle RSU sottostanti.

Dopo l'operazione, Canfield possiede direttamente 214.617,4 azioni ordinarie e controlla indirettamente altre 36.682 azioni tramite il Thomas C. Canfield 2017 GRAT. Non sono stati segnalati strumenti derivati né cessioni. Poiché le azioni sono state emesse come equivalenti di dividendo e non acquistate sul mercato aperto, la comunicazione riflette principalmente un incremento nella proprietà interna piuttosto che una decisione attiva di acquisto di azioni.

Iridium Communications Inc. (IRDM) presentó un Formulario 4 informando que el director Thomas C. Canfield adquirió 991,3 acciones ordinarias adicionales el 30 de junio de 2025. Las acciones representan derechos equivalentes a dividendos acreditados automáticamente a las unidades restringidas de acciones que ya poseía el Sr. Canfield, tras el dividendo en efectivo de $0,14 por acción anunciado previamente por la empresa y pagadero ese mismo día. La adjudicación tiene un precio de transacción de $0 y está sujeta a los mismos términos de adquisición y liquidación que las RSU subyacentes.

Después de la transacción, el Sr. Canfield posee directamente 214.617,4 acciones ordinarias y controla indirectamente otras 36.682 acciones a través del Thomas C. Canfield 2017 GRAT. No se reportaron valores derivados ni disposiciones. Debido a que las acciones se emitieron como equivalentes de dividendos en lugar de una compra en el mercado abierto, la presentación refleja principalmente un aumento incremental en la propiedad interna más que una decisión proactiva de compra de acciones.

Iridium Communications Inc.(IRDM)� 2025� 6� 30� 이사 Thomas C. Canfield가 추가� 991.3주의 보통주를 취득했다� Form 4� 제출했습니다. 해당 주식은 회사가 이전� 발표� 주당 $0.14 현금 배당금이 같은 � 지급됨� 따라 Canfield 씨가 보유� 제한 주식 단위(RSU)� 자동으로 적립� 배당� 상당 권리� 나타냅니�. � 수여� 거래 가격이 $0이며 기초 RSU와 동일� 권리 확정 � 결제 조건� 적용됩니�.

거래 � Canfield 씨는 직접 214,617.4주의 보통주를 보유하고 있으� Thomas C. Canfield 2017 GRAT� 통해 간접적으� 36,682주를 통제하고 있습니다. 파생 증권은 보고되지 않았으며 처분� 없었습니�. 주식� 공개 시장에서 구매� 것이 아니� 배당� 상당 권리� 발행되었� 때문� 이번 제출은 적극적인 주식 매입 결정보다� 내부� 소유 지분의 점진� 증가� 주로 반영합니�.

Iridium Communications Inc. (IRDM) a déposé un formulaire 4 révélant que le directeur Thomas C. Canfield a acquis 991,3 actions ordinaires supplémentaires le 30 juin 2025. Ces actions représentent des droits équivalents aux dividendes automatiquement crédités aux unités d'actions restreintes déjà détenues par M. Canfield, suite au dividende en espèces de 0,14 $ par action annoncé précédemment par la société et payable le même jour. Cette attribution a un prix de transaction de 0 $ et est soumise aux mêmes conditions d'acquisition et de règlement que les RSU sous-jacentes.

Après la transaction, M. Canfield détient directement 214 617,4 actions ordinaires et contrôle indirectement 36 682 autres actions via le Thomas C. Canfield 2017 GRAT. Aucun titre dérivé n'a été déclaré et aucune cession n'a eu lieu. Étant donné que les actions ont été émises en tant qu'équivalents de dividendes plutôt que par un achat sur le marché libre, le dépôt reflète principalement une augmentation progressive de la propriété interne plutôt qu'une décision proactive d'achat d'actions.

Iridium Communications Inc. (IRDM) reichte ein Formular 4 ein, in dem offengelegt wurde, dass Direktor Thomas C. Canfield am 30. Juni 2025 weitere 991,3 Stammaktien erworben hat. Die Aktien stellen dividendenäquivalente Rechte dar, die Herrn Canfields bestehenden Restricted Stock Units automatisch gutgeschrieben wurden, nachdem das Unternehmen die zuvor angekündigte Bardividende von 0,14 USD pro Aktie am selben Tag ausgezahlt hatte. Die Zuteilung hat einen Transaktionspreis von 0 USD und unterliegt den gleichen Vesting- und Abwicklungsbedingungen wie die zugrunde liegenden RSUs.

Nach der Transaktion besitzt Herr Canfield direkt 214.617,4 Stammaktien und kontrolliert weitere 36.682 Aktien indirekt über den Thomas C. Canfield 2017 GRAT. Es wurden keine Derivate gemeldet und keine Veräußerungen getätigt. Da die Aktien als Dividendenäquivalente und nicht durch einen Kauf am offenen Markt ausgegeben wurden, spiegelt die Meldung hauptsächlich eine inkrementelle Erhöhung des Insiderbesitzes und keine aktive Aktienkaufentscheidung wider.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Canfield Thomas C

(Last) (First) (Middle)
C/O IRIDIUM COMMUNICATIONS INC.
1750 TYSONS BOULEVARD, SUITE 1400

(Street)
MCLEAN VA 22102

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Iridium Communications Inc. [ IRDM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 06/30/2025 A 991.3 A $0 214,617.4 D
Common Stock 36,682 I By Thomas C. Canfield 2017 GRAT(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On May 14, 2025, the Issuer announced that its board of directors declared a quarterly cash dividend in the amount of $0.14 per share of its common stock, payable on June 30, 2025 to stockholders of record of the common stock at the close of business on June 13, 2025 (the "Dividend"). The amount acquired in column 4 represents equivalent rights accrued on restricted stock units with respect to the Issuer's common stock ("Original RSUs") held by the reporting person as a result of the Dividend. 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.
2. These shares are owned by a grantor retained annuity trust ("GRAT"). The reporting person is the trustee and sole annuitant of the GRAT.
/s/ Patrick McClain, Attorney-in-Fact 07/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Iridium Communications (IRDM) shares did Director Thomas C. Canfield acquire?

He received 991.3 common shares as dividend-equivalent rights on 30 June 2025.

What is Director Canfield’s total direct ownership in IRDM after the Form 4 filing?

His direct holdings increased to 214,617.4 shares.

Was the transaction an open-market purchase?

No. The shares were automatically credited as dividend-equivalent rights at $0 cost.

Does Director Canfield hold additional IRDM shares indirectly?

Yes. He controls 36,682 shares through the Thomas C. Canfield 2017 GRAT.

Why were dividend-equivalent rights issued on IRDM restricted stock units?

They compensate RSU holders for the company’s $0.14 quarterly dividend, maintaining economic parity with common shareholders.
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3.19B
94.71M
12.1%
92.45%
9.41%
Telecom Services
Communications Equipment, Nec
United States
MCLEAN