Globalstar (NASDAQ: GSAT) director targets 110,000-share sale

Rhea-AI Filing Summary

Globalstar, Inc. (GSAT) received a Rule 144 notice related to planned sales of its common stock for the account of director James Lynch, with Thermo Investments II LLC identified as the seller. The notice covers up to 110,000 shares to be sold through UBS Financial Services Inc., with an indicated aggregate market value of 8,992,076 and 128,788,931 shares outstanding. The securities trace back to a 12/22/2014 private cash transaction in which 12,371,136 shares of common stock were acquired from James Monroe III. Sales are expected to occur on or about 08/26/2026 on Nasdaq.

Key Figures

Shares to be sold: 110,000 shares of common stock Aggregate market value: 8,992,076 Shares outstanding: 128,788,931 shares +3 more

6 metrics

Shares to be sold 110,000 shares of common stock Planned Rule 144 sale for the account of James Lynch

Aggregate market value 8,992,076 Value associated with the 110,000 shares to be sold

Shares outstanding 128,788,931 shares Globalstar common stock outstanding as referenced in the notice

Shares originally acquired 12,371,136 shares Common stock acquired on 12/22/2014 from James Monroe III for cash

Proposed sale date 08/26/2026 Approximate date of sale for the 110,000 shares on Nasdaq

Acquisition date 12/22/2014 Date the 12,371,136 shares were acquired in a private transaction

Key Terms

Rule 144, aggregate market value, private transaction, attorney-in-fact

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

aggregate market value financial

"Common Stock | ... | 110000 | 8992076 | 128788931 |"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

private transaction financial

"Common Stock | 12/22/2014 | Private transaction | James Monroe III |"

A private transaction is the sale or transfer of securities, assets, or ownership stakes carried out directly between a small number of parties rather than on a public exchange. For investors it matters because these deals are less visible and often less liquid than public trades, so pricing can be harder to verify, the investment can be harder to sell quickly, and buyers or sellers may gain strategic advantages not available in open markets — like negotiated terms similar to a private garage sale versus a crowded marketplace.

attorney-in-fact regulatory

"as attorney-in-fact for James Lynch"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does Globalstar (GSAT) disclose in this Form 144 filing?

The filing gives notice under Rule 144 that up to 110,000 shares of Globalstar common stock may be sold for the account of director James Lynch, with Thermo Investments II LLC as seller and UBS Financial Services Inc. as broker, on or about 08/26/2026.

How many GSAT shares are proposed to be sold under this Form 144?

The notice covers a proposed sale of up to 110,000 shares of Globalstar, Inc. common stock, with an indicated aggregate market value of 8,992,076, to be executed through UBS Financial Services Inc. on Nasdaq.

Who is the selling security holder in Globalstar (GSAT)’s Form 144?

The securities are for the account of director James Lynch. The remarks state that Thermo Investments II LLC is the seller, and UBS Financial Services Inc. is listed as the broker handling the transaction.

When were the GSAT shares originally acquired and from whom?

The common stock was originally acquired on 12/22/2014 in a private transaction from James Monroe III, involving 12,371,136 shares paid for in cash.

How many Globalstar (GSAT) shares are reported outstanding in this notice?

The Form 144 reports 128,788,931 shares of Globalstar common stock outstanding. This figure provides context for the proposed 110,000-share sale under Rule 144.

On which exchange are the GSAT shares in this Form 144 expected to be sold?

The shares covered by the notice are Globalstar common stock listed on Nasdaq, with UBS Financial Services Inc. identified as the broker for the proposed Rule 144 sale.

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

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Available on EDGAR 08/26/2026 - 03:52 PM Accepted by SEC EDGAR 08/26/2026 - 03:51 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001379816
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Globalstar, Inc
SEC File Number	001-33117
Address of Issuer	1351 Holiday Square Blvd Covington LOUISIANA 70433
Phone	408-933-4000
Name of Person for Whose Account the Securities are To Be Sold	James Lynch
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	UBS Financial Services Inc 1000 Harbor Blvd 3rd Floor Weehawken NJ 07086	110000	8992076	128788931	08/26/2026	Nasdaq

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	12/22/2014	Private transaction	James Monroe III			12371136	12/22/2014	Cash

* 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

Nothing to Report

144: Remarks and Signature

Remarks	James Lynch is a Director at GSAT, Thermo Investments II LLC is the seller.
Date of Notice	08/26/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/JOSEPH CASSIDY, for UBS Financial Services Inc, as attorney-in-fact for James Lynch
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)