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GSAT insider Form 4: CFO Rule 10b5-1 sales and tax cover

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Globalstar, Inc. (GSAT) reported insider stock sales by its VP & Chief Financial Officer, who filed as an officer and sole reporting person. On 11/14/2025, the executive sold 1,188 shares of voting common stock at $60.84 per share. On 11/17/2025, the executive sold an additional 16,316 shares at a volume-weighted average price of $58.3243 per share, in multiple trades between $57.66 and $58.85. After these transactions, the executive beneficially owned 98,374 shares directly. One sale was made under a Rule 10b5-1 trading plan adopted on June 26, 2025, and another was to cover taxes on a previously reported 3-year restricted stock award.

Positive

  • None.

Negative

  • None.
Insider Clary Rebecca
Role VP & Chief Financial Officer
Sold 17,504 shs ($1.02M)
Type Security Shares Price Value
Sale Voting Common Stock 16,316 $58.3243 $952K
Sale Voting Common Stock 1,188 $60.84 $72K
Holdings After Transaction: Voting Common Stock — 98,374 shares (Direct)
Footnotes (1)
  1. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 2025. Shares sold to cover taxes due upon the vesting of a 3-year restricted stock award previously reported on a Form 4 on November 18, 2022 in accordance with a mandatory sell-to-cover program maintained by the registrant. The shares were sold in multiple transactions at prices ranging from $57.66 to $58.85 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Clary Rebecca
(Last) (First) (Middle)
1351 HOLIDAY SQUARE BLVD.
(Street)
COVINGTON LA 70433
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Globalstar, Inc. [ GSAT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP & Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Voting Common Stock 11/14/2025 S 1,188(1) D $60.84 114,690 D
Voting Common Stock 11/17/2025 S 16,316(2) D $58.3243(3) 98,374 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 2025.
2. Shares sold to cover taxes due upon the vesting of a 3-year restricted stock award previously reported on a Form 4 on November 18, 2022 in accordance with a mandatory sell-to-cover program maintained by the registrant.
3. The shares were sold in multiple transactions at prices ranging from $57.66 to $58.85 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.
Remarks:
Kelly C. Simoneaux, attorney-in-fact for Rebecca Clary 11/17/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did GSAT disclose in this Form 4?

The filing shows that Globalstar, Inc.'s VP & Chief Financial Officer sold 1,188 shares of voting common stock on 11/14/2025 and 16,316 shares on 11/17/2025.

At what prices did the GSAT officer sell shares in November 2025?

On 11/14/2025, shares were sold at $60.84 per share. On 11/17/2025, shares were sold in multiple trades at prices from $57.66 to $58.85, with a volume-weighted average of $58.3243.

How many GSAT shares does the reporting officer own after these transactions?

Following the reported sales, the officer beneficially owns 98,374 shares of Globalstar voting common stock directly.

Was a Rule 10b5-1 trading plan used for these GSAT share sales?

Yes. The filing states that some shares were sold under a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 2025.

Why were some of the GSAT shares sold by the officer?

The filing explains that a portion of the shares was sold to cover taxes due upon vesting of a 3-year restricted stock award previously reported on November 18, 2022 under a mandatory sell-to-cover program.

Who is the reporting person in this GSAT Form 4 and what is their role?

The reporting person is an officer of Globalstar, Inc., serving as VP & Chief Financial Officer, and filed the Form 4 as a single reporting person.