Globalstar (GSAT) VP gets 1,310-share bonus grant and holds over 570k shares

Rhea-AI Filing Summary

Taylor Timothy Evan reported acquisition or exercise transactions in this Form 4 filing.

Globalstar director and VP, Finance & Operations Timothy Evan Taylor received an equity award rather than buying shares in the market. On this Form 4, he was granted 1,310 shares of Voting Common Stock as restricted stock, issued at $0.00 per share as part of his 2025 annual bonus. The footnote explains these shares vested immediately upon grant, meaning he fully owns them now as compensation.

After this award, Taylor directly holds 252,134 shares of Globalstar common stock. In addition, the filing shows 320,244 shares held indirectly through Thermo Investments III, LLC, reflecting a separate ownership position associated with him.

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

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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).

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^*

Taylor Timothy Evan

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Finance & Operations

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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	03/10/2026		A(1)		1,310	A	$0	252,134	D
Voting Common Stock								320,244	I	By Thermo Investments III, LLC

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. Award of Restricted Stock in partial payment of annual bonus for 2025, which shares vested immediately upon the grant.

Remarks:

	Kelly C. Simoneaux, attorney-in-fact for Timothy E. Taylor	03/12/2026
	** 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).
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FAQ

What insider transaction did Globalstar (GSAT) report for Timothy Evan Taylor?

Globalstar reported that Timothy Evan Taylor received 1,310 shares of Voting Common Stock as a restricted stock award. The grant was part of his 2025 annual bonus and carried a price of $0.00 per share as equity-based compensation.

Was the Globalstar (GSAT) Form 4 a market purchase or a stock award?

The Form 4 reflects a stock award, not a market purchase. Taylor received 1,310 restricted shares as partial payment of his 2025 bonus, with the shares vesting immediately upon grant, indicating a compensation-related equity grant rather than open-market buying.

How many Globalstar (GSAT) shares does Timothy Evan Taylor hold after this filing?

Following the reported award, Taylor directly holds 252,134 Globalstar common shares. The filing also shows an additional 320,244 shares held indirectly through Thermo Investments III, LLC, indicating both personal and entity-related holdings associated with him after the grant.

What does the footnote on the Globalstar (GSAT) Form 4 say about the stock grant?

The footnote explains the 1,310-share grant is restricted stock issued as partial payment of Taylor’s 2025 annual bonus. It further states that these shares vested immediately upon grant, meaning there is no remaining vesting schedule tied to this particular award.

What is the significance of Thermo Investments III, LLC in the Globalstar (GSAT) Form 4?

The filing lists 320,244 Globalstar shares held indirectly by Thermo Investments III, LLC. This indicates an additional ownership position associated with Taylor through that entity, separate from his 252,134 directly held shares, providing a fuller picture of his overall share exposure.