Iridium CEO Sells Over 9,500 Shares as Rocket Lab Is Poised to Acquire the Company
The insider's sale comes after the stock experienced an impressive 88% one-year return.
Overview
Matthew J. Desch, Chief Executive Officer of Iridium Communications Inc. (NASDAQ:IRDM), disposed of 9,583 shares of common stock on September 1, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($46.98); post-transaction value based on September 01, 2026 market close ($46.72).
Details
Iridium Communications operates the world's only truly global mobile satellite communications network, serving critical connectivity needs and generating $884.2 million in trailing 12-month revenue.
Source
Originally published at www.fool.com.
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