IRDM CLO Morgan sells 15,005 shares at $33.58; retains 55,818 shares post-transaction
Morgan Kathleen A., Chief Legal Officer of Iridium Communications, sold 15,005 shares at $33.58 on 2025-02-18 for $503,867.90, reducing her holdings by 21.2% from 70,823 to 55,818 shares. The sale price of $33.58 was within 0.03% of the 52-week high of $33.57, and the stock has subsequently declined 2.7% to a current price of $32.66. The transaction occurs against a backdrop of solid near-term price momentum (+16.0% over 30 days, +14.7% over 90 days), a modest annual revenue growth of 5.0%, and a market cap of $3.6B with fundamentals showing $212.8M quarterly revenue and $24.4M net income. The sale represents a meaningful reduction in the officer's exposure to the company, though the absolute timing relative to market direction cannot be determined from disclosed information.