On October 26, 2026, a Form 4 filing with the SEC revealed that Matthew J. Desch, CEO and Director of Iridium Communications Inc., gifted 42,800 shares of the company’s common stock on October 22, 2026.
Key Highlights
- Reporting individual: Matthew J. Desch, CEO and Director of Iridium Communications Inc.
(NASDAQ:IRDM)
- Transaction type: Gift disposition (Code “G”) of 42,800 common shares on October 22, 2026
- Share price: $0.00, reflecting a gift transaction
- Post-transaction ownership: Desch retained direct beneficial ownership of 1,398,634 shares
- No derivatives involved: Filing’s Table II shows no derivative security transactions
- Filing authorized by: Peter L. Trentman as Attorney-in-Fact on October 26, 2026
Iridium CEO Executes Gift Transfer of Shares
Matthew J. Desch, serving as both CEO and Director of Iridium Communications Inc., transferred 42,800 shares of the company’s common stock as a gift on October 22, 2026. The transaction, reported under code “G,” was recorded at $0.00 per share, consistent with a gift transfer. The filing does not specify the recipient or the purpose of the gift.
Iridium Communications Inc., a satellite communications provider trading on NASDAQ under the ticker IRDM, saw Desch’s direct beneficial ownership adjusted to 1,398,634 shares following this transaction, as detailed in Table I of the filing. Table II confirms no derivative securities were involved. The original filing, signed on October 26, 2026, was executed by Peter L. Trentman acting as Attorney-in-Fact for Desch.
This disclosure complies with Section 16(a) of the Securities Exchange Act of 1934, mandating officers, directors, and significant shareholders to report ownership changes. The filing does not indicate the transaction was part of a Rule 10b5-1(c) trading plan.
Summary of Disclosure
On October 22, 2026, CEO Matthew J. Desch gifted 42,800 shares of Iridium Communications common stock at no cost, resulting in a remaining direct ownership of 1,398,634 shares.
