Globalstar SEC Filings

Rebecca Clary, Vice President & Chief Financial Officer of Globalstar, Inc. (GSAT), reported a sale of 2,100 shares of Common Stock on 09/25/2025 at a price of $35.01 per share under a pre-existing Rule 10b5-1 trading plan adopted on 06/26/2025. After the reported sale she beneficially owns 105,661 shares, held directly. The filing is a routine Section 16 disclosure documenting an insider sale executed under an established trading plan.

Paul E. Jacobs, Globalstar, Inc. director and Chief Executive Officer, reported transactions in the company's common stock. A tranche of 100,000 performance-based RSUs granted on 9/25/2023 vested on 09/24/2025 and converted into 100,000 shares at no purchase price. Following vesting, the reporting person beneficially owned 112,374 shares directly, and held 1,116,400 shares indirectly53,479 shares were sold under a mandatory sell-to-cover program to satisfy taxes, at a volume-weighted average price of $34.9499 per share (individual sale prices ranged $34.6699–$35.2601). After the sale, direct beneficial ownership reported was 58,895 shares. The filing notes the company effected a 1-for-15 reverse stock split on February 10, 2025, and the form was signed by an attorney-in-fact on 09/25/2025.

Form 144 notice for Globalstar, Inc. (GSAT): A holder intends to sell 53,479 shares of Common stock on or about 09/25/2025 through Muriel Siebert & Co. The filing states the aggregate market value of the shares to be sold is $1,869,086.00 and reports 126,672,742 shares outstanding for the class. The shares were acquired on 09/24/2025 by equity award vesting from the issuer and payment is listed as compensation. The filing indicates no securities of the issuer were sold by the person in the prior three months and includes the standard representation that the seller is not aware of any undisclosed material adverse information about the issuer.

Form 144 notice for Globalstar, Inc. (GSAT): The filer reports a proposed sale of 2,100 shares of Common stock via Fidelity Brokerage Services LLC to be executed on 09/25/2025 on NASDAQ with an aggregate market value of $73,521.00. The 2,100 shares were acquired through restricted stock vesting in December 2020 (lots of 1,143; 71; and 886 shares) and were recorded as compensation. No securities were reported sold by the same person in the past three months. The filer affirms they are not aware of any undisclosed material adverse information about the issuer.

Rebecca Clary, Vice President & Chief Financial Officer of Globalstar, Inc. (GSAT), reported equity changes in a Form 4 covering transactions on September 9 and September 15, 2025. On September 9, 2025, 9,524 shares were acquired upon vesting of a portion of a performance share award (price $0), increasing her beneficial ownership to 113,120 shares. The filing notes that 855 of those shares were previously acquired under the company Employee Stock Purchase Plan on June 13, 2025.

On September 15, 2025, Ms. Clary completed routine sell-to-cover transactions related to the vesting: sales of 3,691 shares at $29.70, 1,538 shares at $29.8001, and 130 shares at $30.7825, reducing her ownership to 107,761 shares. The Form 4 was signed by an attorney-in-fact on her behalf.

Form 144 filed for Globalstar, Inc. (GSAT) reports a proposed insider sale of 5,359 common shares, with an aggregate market value of $159,457.58, to be executed through Muriel Siebert & Co. on 09/15/2025 on NASDAQ. The shares were acquired by the selling person on 09/09/2025 upon equity award vesting and were paid as compensation. The filer reports no other sales in the prior three months and represents no undisclosed material information. This notice furnishes standard Rule 144 sale details including broker, acquisition date, and relationship to the issuer.

Form 144 notice to sell restricted/common stock via broker on Nasdaq. The filing shows an intended sale of 52,667 shares of common stock through UBS Financial Services in New York with an aggregate market value of $1,702,439.71. The filing reports 126,672,742 shares outstanding and lists an approximate sale date of 09/10/2025. The shares were acquired on 10/06/2017 from the issuer. The filer reports no securities sold in the past three months and makes the customary representation that they do not possess undisclosed material adverse information. Other issuer identifying fields in the form are blank.

Globalstar, Inc. Form 10-Q (Q2 2025) Reports total revenue of $67.148 million for the quarter and $127.180 million for the six months ended June 30, 2025. The company recorded net income of $19.208 million for the quarter and net income of $1.877 million for the six months. Basic and diluted EPS for the quarter were $0.13.

Balance sheet highlights at June 30, 2025 include $308.226 million cash, total assets of $1.909 billion, property and equipment net of $900.842 million, total liabilities of $1.548 billion, and stockholders' equity of $360.880 million. Contract liabilities (deferred revenue) increased to $524.538 million from $349.372 million, largely reflecting customer prepayments under the Updated Services Agreements and an Infrastructure Prepayment of which $402.733 million is recorded within wholesale capacity contract liabilities.

The company consolidated a Globalstar SPE related to the Extended MSS Network with Customer (Apple Inc.) acquiring Class B units for $400 million. The Company recorded an embedded derivative asset related to a $221.625 million 2024 Debt Repayment with a derivative fair value of $117.184 million at June 30, 2025.