Kathleen A. Morgan, Chief Legal Officer at Iridium Communications Inc., has sold company stock worth approximately $1,671,162 on August 17, 2026. The shares were sold at prices ranging between $50.34 and $50.85. This sale comes as the stock trades at $48.71, following a significant year-to-date surge of 183% and a 113% gain over the past six months.
The transactions involved two separate sales of common stock. In the first transaction, Morgan disposed of 32,648 shares at a weighted average price of $50.34 per share. A second sale saw Morgan divest 544 shares at a weighted average price of $50.85 per share.
Recent Financial Performance
Iridium Communications Inc. recently reported its second-quarter financial results, missing earnings expectations but surpassing revenue estimates set by analysts. Despite the earnings miss, the revenue beat suggests some positive aspects in Iridium's operations. Following these reported transactions, Kathleen A. Morgan beneficially owns 124,871 shares of Iridium Communications common stock directly.
