Globalstar SEC Filings

Globalstar, Inc. (GSAT) reported an insider transaction by its General Counsel, L. Barbee Ponder IV. On 11/17/2025, he sold 9,790 shares of voting common stock at a volume-weighted average price of $58.3243 per share in multiple trades within a range of $57.66 to $58.85. These shares were sold to cover taxes due on the vesting of a previously reported 3-year restricted stock award under a mandatory sell-to-cover program maintained by the company.

Following this tax-related sale, he beneficially owns 135,658 shares of Globalstar common stock, held directly.

Globalstar, Inc. (GSAT)11/14/2025, the executive sold 1,188 shares of voting common stock at $60.84 per share. On 11/17/2025, the executive sold an additional 16,316 shares at a volume-weighted average price of $58.3243 per share, in multiple trades between $57.66 and $58.85. After these transactions, the executive beneficially owned 98,374 shares directly. One sale was made under a Rule 10b5-1 trading plan adopted on June 26, 2025, and another was to cover taxes on a previously reported 3-year restricted stock award.

Globalstar (GSAT) Form 4: Officer and General Counsel L. Barbee Ponder IV reported equity compensation and a related tax sale. On 11/10/2025, he received an award of 130 shares of Voting Common Stock at $0, which vested immediately upon grant. On 11/12/2025, 56 shares were sold at $61.34 to cover taxes due upon the vesting under a mandatory sell-to-cover program maintained by the registrant.

Following these transactions, the reporting person directly beneficially owned 145,448 shares of Voting Common Stock.

Globalstar (GSAT) disclosed an insider transaction by its VP & Chief Financial Officer. On 11/05/2025, the officer acquired 9,524 shares of voting common stock at $0 upon the vesting of a performance share award. On 11/06/2025, 4,572 shares were sold to cover taxes under a mandatory sell‑to‑cover program at a volume‑weighted average price of $48.3129, with trades ranging from $48.15 to $48.435. After these transactions, the officer directly owned 115,804 shares.

Globalstar, Inc. (GSAT) reported Q3 2025 results with total revenue of $73.8 million, up slightly from $72.3 million a year ago. Service revenue was $69.6 million. Income from operations rose to $10.2 million, while net income was $1.1 million; after preferred dividends, net loss attributable to common shareholders was $1.6 million, or $-0.01 per share. For the first nine months, revenue reached $201.0 million and net income was $3.0 million, reflecting steadier operations year to date.

Cash and balance sheet shifted with Apple-related prepayments. Cash was $346.3 million. Contract liabilities (deferred revenue) increased to $734.4 million, primarily from the Extended MSS Network Infrastructure Prepayment, including $175.0 million received in Q3 and $299.6 million year-to-date. Property and equipment, net, rose to $1.21 billion as satellite and ground construction advanced. Operating cash flow was $445.8 million for the nine months, largely from deferred revenue inflows, while investing outflows of $485.9 million funded satellite and ground network build-outs. An embedded derivative asset tied to the 2024 Debt Repayment was $120.8 million. As of October 31, 2025, 126,838,414 common shares and 149,425 preferred shares were outstanding.

Globalstar, Inc. (GSAT) furnished an 8-K announcing it issued a press release with financial and operating results for the three and nine months ended September 30, 2025.

The press release is included as Exhibit 99.1. The information in this report, including Exhibit 99.1, is furnished and not deemed filed under Section 18 of the Exchange Act, nor incorporated by reference except as specifically stated.

Globalstar (GSAT) reported an insider transaction by its VP & Chief Financial Officer, Rebecca Clary. On 10/15/2025, she acquired 9,524 shares of voting common stock at $0 upon vesting of a performance share award granted on March 27, 2025. On 10/16/2025, she sold 4,333 shares at a volume‑weighted average price of $44.4322 to cover taxes under the company’s mandatory sell‑to‑cover program.

Following these transactions, she directly beneficially owns 110,852 shares. The sales were executed in multiple trades between $44.3001 and $44.6200 per share, with full pricing details available upon request.

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.