Globalstar director buys 361,600 shares at $82.52
Globalstar director and ten percent owner James Monroe III reported a sizable private share purchase through a grantor trust for estate planning purposes.
Rhea-AI Filing Summary
Globalstar, Inc. (GSAT) insider James Monroe III, a director and ten percent owner, reported purchasing 361,600 shares of Voting Common Stock on September 18, 2026 at $82.52 per share. The shares were bought by the James Monroe III Grantor Trust from James Lynch in a private transaction for estate planning purposes.
After this purchase and a reclassification of 44,697 shares from direct ownership, the Grantor Trust is shown holding 408,253 shares indirectly. The filing also lists additional indirect holdings through various Thermo-affiliated entities and 1,183 shares held directly by Monroe.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 361,600 shares
Net Buy
10 txns
Insider
Monroe James III
Role
Director, 10% Owner
Bought
361,600 shs ($29.84M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Voting Common Stock F1, F2 | 361,600 | $82.52 | $29.84M |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock | -- | -- | -- |
| holding | Voting Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 408,253 shares (Indirect, By James Monroe III Grantor Trust);
Voting Common Stock — 13,142,665 shares (Indirect, Thermo Funding Company);
Voting Common Stock — 947,273 shares (Indirect, By Thermo Properties II, LLC);
Voting Common Stock — 42,717 shares (Indirect, By FL Investment Holdings LLC);
Voting Common Stock — 790,097 shares (Indirect, Thermo XCOM LLC);
Voting Common Stock — 58,833,076 shares (Indirect, Thermo Funding II LLC);
Voting Common Stock — 200,000 shares (Indirect, Monroe Irr. Educational Trust);
Voting Common Stock — 13,347 shares (Indirect, By Thermo Investments Limited Partnership);
Voting Common Stock — 41,238 shares (Indirect, By Globalstar Satellite L.P.);
Voting Common Stock — 1,183 shares (Direct)
Footnotes (2)
- F1. Shares purchased from James Lynch in a private transaction for estate planning purposes.
- F2. 44,697 shares previously reporting as being held by the Reporting Person directly are now reported as being held through the James Monroe III Grantor Trust.
Key Figures
Shares purchased: 361,600 shares
Purchase price per share: $82.52 per share
Grantor Trust holdings after transaction: 408,253 shares
+4 more
7 metrics
Shares purchased
361,600 shares
Voting Common Stock purchased on September 18, 2026
Purchase price per share
$82.52 per share
Price for the 361,600-share purchase on September 18, 2026
Grantor Trust holdings after transaction
408,253 shares
Voting Common Stock held indirectly via James Monroe III Grantor Trust after the reported events
Reclassified shares to Grantor Trust
44,697 shares
Shares moved from direct reporting to Grantor Trust reporting
Thermo Funding Company indirect holdings
13,142,665 shares
Voting Common Stock held indirectly via Thermo Funding Company
Thermo Funding II LLC indirect holdings
58,833,076 shares
Voting Common Stock held indirectly via Thermo Funding II LLC
Direct holdings by James Monroe III
1,183 shares
Voting Common Stock held directly after the reported events
Key Terms
Voting Common Stock, indirect ownership, grantor trust, estate planning purposes
4 terms
Voting Common Stock financial
"reported purchasing 361,600 shares of Voting Common Stock on September 18, 2026"
indirect ownership financial
"the Grantor Trust is shown holding 408,253 shares indirectly"
grantor trust financial
"bought by the James Monroe III Grantor Trust from James Lynch"
A grantor trust is a legal arrangement where the person who puts assets into the trust keeps enough control or rights that, for tax and legal purposes, those assets are treated as still belonging to that person. For investors, that matters because income, gains and losses generated by the trust typically flow through to the grantor (or directly to investors) for tax reporting and distributions, affecting after-tax returns and cash flow predictability — think of it like a mailbox that forwards all the mail back to the sender rather than holding it inside.
estate planning purposes financial
"purchased from James Lynch in a private transaction for estate planning purposes"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Globalstar (GSAT) insider James Monroe III report in this Form 4?
He reported that the James Monroe III Grantor Trust purchased 361,600 shares of Globalstar Voting Common Stock on September 18, 2026, in a private transaction from James Lynch for estate planning purposes.
Were any Globalstar (GSAT) trades reported under a Rule 10b5-1 plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan; the document-level Rule 10b5-1 checkbox is not affirmed for these transactions.
What does the Form 4 say about reclassified GSAT holdings for James Monroe III?
A footnote states that 44,697 shares previously reported as held directly by James Monroe III are now reported as held through the James Monroe III Grantor Trust.
What other Globalstar (GSAT) holdings associated with James Monroe III are reported?
The filing lists indirect holdings through several entities, including 13,142,665 shares via Thermo Funding Company, 58,833,076 shares via Thermo Funding II LLC, and 1,183 shares held directly by James Monroe III.
AI-generated analysis. How Rhea-AI works. Not financial advice.
