A statement of changes in beneficial ownership for Iridium Communications Inc. CEO and Director Matthew J. Desch was filed with the SEC on October 26, 2026, disclosing a gift disposition of 42,800 shares of common stock on October 22, 2026.

Key Highlights

  • Reporting person: Matthew J. Desch, Chief Executive Officer and Director of Iridium Communications Inc. (NASDAQ:IRDM)
  • Transaction type: Code "G" disposition (gift) of 42,800 shares of common stock on October 22, 2026
  • Price per share: $0.00, consistent with a gift transaction
  • Remaining ownership: Desch directly beneficially owned 1,398,634 shares of common stock following the reported transaction
  • No derivative securities: Table II of the filing reports no derivative security transactions
  • Filing signed: by Peter L. Trentman as Attorney-in-Fact on October 26, 2026

Desch Disposes of Iridium Shares via Gift Transaction

According to the filing, Matthew J. Desch, who serves as both Chief Executive Officer and a Director of Iridium Communications Inc., disposed of 42,800 shares of the company's common stock on October 22, 2026. The transaction was recorded under code "G," which the form uses to designate a gift, and the reported price was $0.00 per share. The filing does not describe the recipient or purpose of the gift beyond identifying the transaction code.

Iridium Communications Inc. operates a satellite communications network and is listed on NASDAQ under the ticker IRDM. Following the reported gift disposition, Desch's directly held beneficial ownership of Iridium common stock stood at 1,398,634 shares, as disclosed in Table I of the filing. No derivative securities were listed in Table II, and no amendment date was noted, indicating this is an original filing. The document was signed on October 26, 2026, by Peter L. Trentman acting as Attorney-in-Fact for Desch.

The filing was submitted pursuant to Section 16(a) of the Securities Exchange Act of 1934, which requires officers, directors, and certain large shareholders to report changes in their beneficial ownership. No checkbox was marked to indicate the transaction was made pursuant to a Rule 10b5-1(c) plan.

What Was Disclosed

The filing disclosed a gift disposition of 42,800 shares of Iridium Communications common stock by CEO Matthew J. Desch on October 22, 2026, at a price of $0.00 per share, leaving him with 1,398,634 directly held shares.