Globalstar (NYSE: GSAT) director plans new sale after two multimillion August trades

Rhea-AI Filing Summary

Globalstar, Inc. (GSAT) is the issuer of common stock for which director Benjamin G. Wolff has filed a notice under Rule 144 to sell shares. The notice lists 19,998 GSAT shares to be sold through Muriel Siebert & Co., with an aggregate market value of $1,644,101.57 and 129,563,390 shares of this class outstanding as of the notice date. The filing also identifies three prior option grants of 6,666 shares each and recent sales in August 2026 totaling 56,711 shares of GSAT common stock.

Key Figures

Shares to be sold under Rule 144: 19,998 shares Aggregate market value of shares to be sold: $1,644,101.57 Shares outstanding of the class: 129,563,390 shares +3 more

6 metrics

Shares to be sold under Rule 144 19,998 shares Proposed sale of Globalstar common stock through Muriel Siebert & Co.

Aggregate market value of shares to be sold $1,644,101.57 Value of 19,998 Globalstar shares covered by the notice

Shares outstanding of the class 129,563,390 shares Globalstar common stock of the relevant class outstanding as of notice date

Option grant shares (per grant) 6,666 shares Each of three option grants in 2018, 2020, and 2021 to Benjamin G. Wolff

Sale on 08/11/2026 24,000 shares for $2,004,909.60 Globalstar common stock sold by Benjamin G. Wolff during past three months

Sale on 08/12/2026 32,711 shares for $2,721,071.07 Globalstar common stock sold by Benjamin G. Wolff during past three months

Key Terms

Rule 144, Option Grant, attorney-in-fact

3 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.

Option Grant financial

"Common | 12/27/2018 | Option Grant | Issuer"

attorney-in-fact regulatory

"Signature | /s/ Kelly C. Simoneaux, attorney-in-fact for Benjamin G. Wolff"

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 the Form 144 filing disclose for Globalstar (GSAT)?

It discloses that director Benjamin G. Wolff has filed a Rule 144 notice to sell 19,998 shares of Globalstar (GSAT) common stock through Muriel Siebert & Co., with an aggregate market value of $1,644,101.57 and 129,563,390 shares of this class outstanding.

How many Globalstar (GSAT) shares are covered by this Rule 144 sale notice?

The notice covers a proposed sale of 19,998 shares of Globalstar (GSAT) common stock, with an aggregate market value stated as $1,644,101.57 at the time of the filing.

How many Globalstar (GSAT) shares are outstanding according to this filing?

The filing states that there are 129,563,390 shares of Globalstar (GSAT) common stock of the relevant class outstanding as of the notice date referenced in the document.

What prior Globalstar (GSAT) sales by Benjamin G. Wolff are reported?

The filing reports that Benjamin G. Wolff sold 24,000 shares of Globalstar common stock on 08/11/2026 for $2,004,909.60 and 32,711 shares on 08/12/2026 for $2,721,071.07 during the past three months.

What option grants related to Globalstar (GSAT) are listed for Benjamin G. Wolff?

The document lists three option grants of Globalstar common stock to Benjamin G. Wolff: 6,666 shares granted on 12/27/2018, 6,666 shares on 01/02/2020, and 6,666 shares on 01/02/2021, each described as compensation from the issuer.

Who signed the Globalstar (GSAT) Form 144 and in what capacity?

The Form 144 is signed by Kelly C. Simoneaux as attorney-in-fact for Benjamin G. Wolff, indicating that Simoneaux signed on Wolff’s behalf under a power of attorney.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/21/2026 - 06:08 PM Accepted by SEC EDGAR 08/21/2026 - 06:07 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	0001368618
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	Wolff Benjamin G
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	Muriel Siebert & Co. 18045 Oak Street Omaha NE 68130	19998	1644101.57	129563390	08/21/2026	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	12/27/2018	Option Grant	Issuer			6666	12/27/2018	Compensation
Common	01/02/2020	Option Grant	Issuer			6666	01/02/2020	Compensation
Common	01/02/2021	Option Grant	Issuer			6666	01/02/2021	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
Benjamin G. Wolff 1351 Holiday Square Blvd. Covington LA 70433	Common	08/11/2026	24000	2004909.60
Benjamin G. Wolf 1351 Holiday Square Blvd. Covington LA 70433	Common	08/12/2026	32711	2721071.07

144: Remarks and Signature

Remarks
Date of Notice	08/21/2026
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	/s/ Kelly C. Simoneaux, attorney-in-fact for Benjamin G. Wolff
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)