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  4. [144] Globalstar, Inc. SEC Filing

Globalstar (GSAT) holder plans sale of 56,711 shares valued at 4.73M

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

A holder of Globalstar common stock filed a notice of intent to sell up to 56,711 shares held at Morgan Stanley. The planned sale, listed for 08/10/2026 on NASDAQ, is tied to shares with an aggregate market value of 4,729,697.40.

Positive

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Shares to be sold 56,711 shares Maximum Globalstar common shares covered by the planned sale
Aggregate market value 4,729,697.40 Aggregate market value of the 56,711 Globalstar common shares
Proposed sale date 08/10/2026 Proposed date for sale of Globalstar common shares on NASDAQ
Open market purchase 7,091 shares Open market purchase of Globalstar common shares on 12/27/2019 using personal funds
Restricted stock vesting 6,168 shares Restricted stock vesting of Globalstar common shares on 01/02/2020 as compensation
Form 144 regulatory
"144: Securities To Be Sold"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Open Market Purchase financial
"Common | 12/02/2019 | Open Market Purchase | Open Market"
An open market purchase is when a company buys its own shares on public stock exchanges the same way any investor would, rather than through a private deal. Investors care because these purchases reduce the number of shares available, can boost earnings per share and share price, signal that management thinks the stock is undervalued, and use company cash that might otherwise go to reinvestment or dividends — like a business quietly buying back its own tickets at the box office.
Restricted Stock Vesting financial
"Common | 01/02/2020 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What does the GSAT Form 144 filing disclose?
The filing discloses a proposed sale of up to 56,711 Globalstar (GSAT) common shares through Morgan Stanley, with an aggregate market value of 4,729,697.40, and indicates NASDAQ as the trading market for the planned transaction.

How many GSAT shares are planned to be sold under this notice?
The notice covers a proposed sale of up to 56,711 Globalstar (GSAT) common shares. This represents the maximum amount indicated under the securities-to-be-sold section for trading on NASDAQ as of the stated proposed sale date.

What is the aggregate market value of the GSAT shares in this planned sale?
The planned sale involves Globalstar (GSAT) shares with an aggregate market value of 4,729,697.40. This amount corresponds to the 56,711 common shares identified in the filing’s securities information section for NASDAQ trading.

When is the proposed sale date for the GSAT shares in this filing?
The proposed sale date for the Globalstar (GSAT) common shares is listed as 08/10/2026. This date appears in the securities information section associated with the planned disposition of 56,711 shares on NASDAQ.

What prior GSAT share transactions are referenced in this Form 144?
The filing references multiple prior Globalstar (GSAT) transactions, including open market purchases funded with personal funds and several restricted stock vesting events from the issuer between 2019 and 2026 as part of compensation.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR