[Form 4] Globalstar, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Rebecca Clary, Vice President & Chief Financial Officer of Globalstar, Inc. (GSAT), reported a sale of 2,100 shares of Common Stock on 09/25/2025 at a price of $35.01 per share under a pre-existing Rule 10b5-1 trading plan adopted on 06/26/2025. After the reported sale she beneficially owns 105,661 shares, held directly. The filing is a routine Section 16 disclosure documenting an insider sale executed under an established trading plan.

Positive

• Sale executed under a Rule 10b5-1 trading plan, indicating pre-specified trade timing and compliance with insider trading procedures
• Form 4 filed and signed via attorney-in-fact, documenting procedural compliance with Section 16 reporting requirements

Negative

• Insider sale of 2,100 shares by the CFO reduces direct holdings to 105,661 shares, which may be monitored by investors for insider sentiment

Insights

Financial Analyst

TL;DR: Insider sale executed under a 10b5-1 plan; small reduction in direct holdings to 105,661 shares.

The reported disposition of 2,100 shares is a straightforward insider sale at $35.01 per share. Because the transaction was made pursuant to a Rule 10b5-1 plan established on 06/26/2025, timing is scheduled and not necessarily indicative of non-public information. The remaining direct beneficial ownership of 105,661 shares is stated, but the filing does not disclose the total outstanding share count or percentage ownership, limiting assessment of materiality. This disclosure is neutral in investor impact absent additional context.

Corporate Governance Expert

TL;DR: Filing shows compliance with Section 16 reporting and use of a documented 10b5-1 plan, reflecting standard governance practice.

The Form 4 documents that the CFO followed an adopted trading plan when selling shares and that the form was properly executed by an attorney-in-fact. This represents adherence to governance and insider-trading disclosure rules. The filing contains no indication of any amendment, related-party transactions beyond the sale, or change in officer status. From a governance standpoint the disclosure is routine and compliant.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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)
09/25/2025

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	09/25/2025		S		2,100(1)	D	$35.01	105,661	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.

Remarks:

	Kelly C. Simoneaux, attorney-in-fact for Rebecca Clary	09/25/2025
	** 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.

FAQ

What did Rebecca Clary (GSAT) report on Form 4?

She reported a sale of 2,100 shares of Globalstar common stock on 09/25/2025 at $35.01 per share under a Rule 10b5-1 trading plan.

How many shares does the reporting person own after the transaction?

The filing shows beneficial ownership of 105,661 shares following the reported sale.

Was the sale part of a pre-arranged trading plan?

Yes — the sale was made pursuant to a Rule 10b5-1 trading plan adopted on 06/26/2025 as disclosed in the Form 4.

Who signed the Form 4 for the reporting person?

Kelly C. Simoneaux, attorney-in-fact for Rebecca Clary, signed the Form 4 on 09/25/2025 as indicated in the filing.

Does this Form 4 show any derivative transactions or other material changes?

No derivatives or additional transactions are reported; only the non-derivative sale of 2,100 shares is disclosed.