Globalstar director Taylor sells 39,996 shares directly
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Form Type
4
Rhea-AI Filing Summary
Globalstar, Inc. (GSAT) director and VP, Finance & Operations Timothy Evan Taylor reported exercising stock options on November 11 and 12, 2026. The exercises covered 6,666 shares at each of $7.05, $5.079 and $8.106 on November 11, and 6,666 at $17.40, 6,666 at $19.50, 4,444 at $28.05 and 2,222 at $32.85 on November 12; matching quantities of voting common stock were acquired.
Taylor reported direct sales of 19,998 shares at a volume-weighted average price of $86.16 on November 11 and 19,998 at $86.38 on November 12. Thermo Investments III, LLC, through which Taylor indirectly held shares, sold 90,000 shares at a volume-weighted average price of $86.30 on November 12 and held 80,244 shares afterward. The transactions were not reported under a Rule 10b5-1 plan.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
17 txns
Insider
Taylor Timothy Evan
Role
VP, Finance & Operations
Sold
129,996 shs ($11.22M)
Approx. gross sale proceeds
$11.22M
Approx. exercise cost
$579K
Share of Position Sold
27.9%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F4 | 6,666 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F4 | 6,666 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F4 | 4,444 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F4 | 2,222 | $0.00 | $0.00 |
| Exercise | Voting Common Stock | 6,666 | $17.40 | $116K |
| Exercise | Voting Common Stock | 6,666 | $19.50 | $130K |
| Exercise | Voting Common Stock | 4,444 | $28.05 | $125K |
| Exercise | Voting Common Stock | 2,222 | $32.85 | $73K |
| Sale | Voting Common Stock F2 | 19,998 | $86.38 | $1.73M |
| Sale | Voting Common Stock F3 | 90,000 | $86.30 | $7.77M |
| Exercise | Stock Option (Right to Buy) | 6,666 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F4 | 6,666 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F4 | 6,666 | $0.00 | $0.00 |
| Exercise | Voting Common Stock | 6,666 | $7.05 | $47K |
| Exercise | Voting Common Stock | 6,666 | $5.079 | $34K |
| Exercise | Voting Common Stock | 6,666 | $8.106 | $54K |
| Sale | Voting Common Stock F1 | 19,998 | $86.16 | $1.72M |
Holdings After Transaction:
Stock Option (Right to Buy) — 6,666 options (Direct);
Voting Common Stock — 255,467 shares (Direct);
Voting Common Stock — 80,244 shares (Indirect, By Thermo Investments III, LLC)
Holdings Before and After:
Stock Option (Right to Buy), 46,662 to 6,666 options (Direct);
Voting Common Stock, 255,467 to 255,467 shares (Direct);
Voting Common Stock, 170,244 to 80,244 shares (Indirect, By Thermo Investments III, LLC)
Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (4)
- F1. The shares were sold in multiple transactions at prices ranging from $85.98 to $86.25 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F2. The shares were sold in multiple transactions at prices ranging from $86.12 to $86.61 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F3. The shares were sold in multiple transactions at prices ranging from $86.30 to $86.50 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F4. The award vests and becomes exercisable on each of the first three anniversaries of the date of grant.
Key Figures
Shares sold: 129,996 shares
Options exercised: 39,996 shares
Direct sale, November 11: 19,998 shares at $86.16 per share
+4 more
7 metrics
Shares sold
129,996 shares
Reported across the transactions on November 11 and 12, 2026
Options exercised
39,996 shares
Reported across the option-exercise transactions
Direct sale, November 11
19,998 shares at $86.16 per share
Volume-weighted average price
Direct sale, November 12
19,998 shares at $86.38 per share
Volume-weighted average price
Thermo Investments III, LLC sale
90,000 shares at $86.30 per share
November 12, 2026; volume-weighted average price
Thermo Investments III, LLC holdings after sale
80,244 shares
Reported after the November 12, 2026 sale
Option exercise prices
$5.079, $7.05, $8.106, $17.40, $19.50, $28.05 and $32.85 per share
Reported for exercises on November 11 and 12, 2026
Key Terms
volume weighted average price, Stock Option (Right to Buy), Rule 10b5-1 plan, reverse stock split, +1 more
5 terms
volume weighted average price financial
"The price reported reflects the volume weighted average price"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy)"
Rule 10b5-1 plan financial
"Rule 10b5-1 plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
reverse stock split financial
"Issuer's 1 for 15 reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
vests technical
"The award vests and becomes exercisable"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What prices were reported for the GSAT sales?
The reported volume-weighted average prices were $86.16 per share for Taylor's November 11 direct sale, $86.38 for his November 12 direct sale, and $86.30 for Thermo Investments III, LLC's November 12 sale. The respective sale-price ranges were $85.98–$86.25, $86.12–$86.61, and $86.30–$86.50 per share.
What were the exercise prices for Timothy Evan Taylor's GSAT options?
The reported exercise prices were $7.05, $5.079 and $8.106 per share on November 11, 2026, and $17.40, $19.50, $28.05 and $32.85 per share on November 12.
AI-generated analysis. How Rhea-AI works. Not financial advice.
