Globalstar officer plans sale of 1,692 shares

A Globalstar officer filed a Rule 144 notice to sell 1,692 GSAT shares as part of a mandatory tax-related sell-to-cover tied to restricted stock vesting.

Rhea-AI Filing Summary

Globalstar, Inc. (GSAT) received a Rule 144 notice from officer L. Barbee Ponder IV covering a planned sale of 1,692 shares of common stock through Muriel Siebert & Co. on Nasdaq, with an indicated aggregate market value of $140,363.24 and 129,563,390 shares outstanding cited for context.

The shares relate to restricted stock vesting on September 18, 2026 and are described as being sold under a mandatory sell-to-cover program to pay taxes due on that vesting. The notice also reports two earlier sales in the prior three months: 12,045 shares on August 7, 2026 for $1,000,340.74 and 4,720 shares on August 11, 2026 for $394,231.86.

Key Figures

Shares to be sold: 1,692 shares Aggregate market value of proposed sale: $140,363.24 Shares outstanding: 129,563,390 shares +4 more

7 metrics

Shares to be sold 1,692 shares Proposed Rule 144 sale by officer L. Barbee Ponder IV

Aggregate market value of proposed sale $140,363.24 Value associated with 1,692 shares of Globalstar common stock

Shares outstanding 129,563,390 shares Globalstar common stock cited in connection with the notice

Sale on August 7, 2026 12,045 shares; $1,000,340.74 Prior three-month sale by L. Barbee Ponder IV

Sale on August 11, 2026 4,720 shares; $394,231.86 Prior three-month sale by L. Barbee Ponder IV

Restricted stock vesting date September 18, 2026 Vesting triggering mandatory sell-to-cover for taxes

Date of notice September 21, 2026 Filing date of the Rule 144 notice

Key Terms

Rule 144, restricted stock, sell-to-cover program, aggregate market value, +1 more

5 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.

restricted stock financial

"Restricted Stock Vesting | Issuer | | | 1692 | 09/18/2026"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

sell-to-cover program financial

"mandatory sell-to-cover program maintained by the registrant to cover taxes"

aggregate market value financial

"| 1692 | 140363.24 | 129563390 | 09/21/2026 | Nasdaq"

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.

Nasdaq market

"| 1692 | 140363.24 | 129563390 | 09/21/2026 | 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

The filing reports that officer L. Barbee Ponder IV filed a Rule 144 notice to sell 1,692 shares of Globalstar common stock through Muriel Siebert & Co. on Nasdaq, relating to restricted stock vesting on September 18, 2026.

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

The notice covers a proposed sale of 1,692 shares of Globalstar common stock, with an indicated aggregate market value of $140,363.24 for this transaction.

Who is selling the GSAT shares and what is their role at Globalstar?

The seller is L. Barbee Ponder IV, identified as an officer of Globalstar, Inc. The Form 144 is filed for sales made for this person’s account under Rule 144.

What is the purpose of the GSAT share sale reported in this Form 144?

According to the remarks, the shares are sold under a mandatory sell-to-cover program maintained by Globalstar to cover taxes due upon the vesting of a restricted stock award granted on September 18, 2026.

What prior GSAT share sales by this officer are disclosed in the past three months?

The notice lists two prior sales by L. Barbee Ponder IV: 12,045 shares of common stock sold on August 7, 2026 for $1,000,340.74, and 4,720 shares sold on August 11, 2026 for $394,231.86.

What share count for Globalstar (GSAT) is cited in connection with this Form 144?

The notice cites 129,563,390 shares of Globalstar common stock outstanding in connection with the proposed Rule 144 sale, providing a context figure for the issuer’s equity.

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

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Available on EDGAR 09/21/2026 - 06:49 PM Accepted by SEC EDGAR 09/21/2026 - 06:48 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	0001496862
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	985-335-1500
Name of Person for Whose Account the Securities are To Be Sold	Ponder L Barbee IV
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	Officer

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	Muriel Siebert & Co. 18045 Oak Street Omaha LA 68130	1692	140363.24	129563390	09/21/2026	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	09/18/2026	Restricted Stock Vesting	Issuer			1692	09/18/2026	Compensation

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
L. Barbee Ponder IV 1351 HOLIDAY SQUARE BLVD., COVINGTON, LA 70433	Common	08/07/2026	12045	1000340.74
L. Barbee Ponder IV 1351 HOLIDAY SQUARE BLVD., COVINGTON, LA 70433	Common	08/11/2026	4720	394231.86

144: Remarks and Signature

Remarks	Shares sold in accordance with a mandatory sell-to-cover program maintained by the registrant to cover taxes due upon the vesting of a restricted stock award granted 9/18/2026.
Date of Notice	09/21/2026
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	Kelly C. Simoneaux, attorney in fact for L. Barbee Ponder IV
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)