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GSAT (GSAT) files Form 144 for planned 12,045-share stock sale

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

Rhea-AI Filing Summary

GSAT reported a planned sale of 12,045 shares of common stock through Cetera Investment Services under a Rule 144 notice. The shares have an aggregate market value of about $1,000,340.74, compared with 129,563,390 shares of common stock outstanding and are expected to be sold on or after August 7, 2026 on NASDAQ.

The filing also lists the origin of these shares from prior restricted stock vesting events classified as compensation on June 14, 2020, December 14, 2020, and June 14, 2021, covering 4,140; 4,789; and 3,116 common shares respectively.

Positive

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Negative

  • None.
Shares to be sold 12,045 shares Planned sale of common stock under Form 144
Aggregate market value $1,000,340.74 Estimated value of shares covered by Form 144
Shares outstanding 129,563,390 shares Outstanding GSAT common stock compared to planned sale
Vest date grant 4,140 shares Restricted stock vesting on June 14, 2020 as compensation
Vest date grant 4,789 shares Restricted stock vesting on December 14, 2020 as compensation
Vest date grant 3,116 shares Restricted stock vesting on June 14, 2021 as compensation
Planned sale date 08/07/2026 Approximate date when shares may be sold on NASDAQ
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.
Restricted Stock Vesting financial
"Common | 06/14/2020 | 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.
Compensation financial
"4140 | 06/14/2020 | Compensation Common"
Common financial
"Common | Cetera Investment Services 400 First Street"
NASDAQ market
"129563390 | 08/07/2026 | NASDAQ"
The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.

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

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FAQ

What does GSAT’s latest Form 144 filing disclose?
The Form 144 filing discloses a plan to sell 12,045 shares of GSAT common stock through Cetera Investment Services, with an aggregate market value of about $1,000,340.74, to be sold on or after August 7, 2026 on NASDAQ.

How many GSAT shares are outstanding compared to the planned Form 144 sale?
The company reports 129,563,390 shares outstanding of GSAT common stock, while the Form 144 covers a planned sale of 12,045 shares, representing a relatively small portion of the total outstanding shares.

What is the approximate market value of the GSAT shares covered by the Form 144?
The planned sale under Form 144 covers GSAT common stock with an aggregate market value of about $1,000,340.74. This figure reflects the estimated total value of the 12,045 shares intended to be sold through the broker.

When can the GSAT shares in the Form 144 be sold?
The shares covered by the Form 144 may be sold on or after August 7, 2026. The filing lists NASDAQ as the securities exchange where the GSAT common stock is expected to be traded in connection with this planned sale.

How were the GSAT shares in the Form 144 originally acquired?
The Form 144 shows the shares came from restricted stock vesting granted as compensation. Vesting events occurred on June 14, 2020 (4,140 shares), December 14, 2020 (4,789 shares), and June 14, 2021 (3,116 shares) of GSAT common stock.

Which broker is listed for the planned GSAT Form 144 share sale?
The broker listed is Cetera Investment Services, located at 400 First Street South, SW, Suite 300, St. Cloud, MN 56301. This firm is designated to handle the planned sale of 12,045 GSAT common shares under the Form 144 notice.

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