Globalstar (GSAT) CFO records performance share vesting and tax-driven sale

Q: Why did Globalstar’s CFO sell 4,066 GSAT shares according to the Form 4?

The 4,066 GSAT shares were sold solely to cover taxes due upon vesting of a performance share award under a mandatory sell-to-cover program . This is a mechanistic tax transaction rather than a discretionary open-market sale for portfolio rebalancing.

Q: What price did Globalstar’s CFO receive for the 4,066 GSAT shares sold?

The 4,066 shares were sold at a volume-weighted average price of $81.2410 per share , based on multiple trades between $81.2410 and $81.3100. The Form 4 notes she can provide full trade details upon request to regulators or shareholders.

Q: What kind of equity award vested for Globalstar (GSAT) CFO Rebecca Clary?

The Form 4 states that the 9,523 shares acquired on April 27, 2026 were earned from the vesting of a performance share award originally granted on March 27, 2025. Vesting reflects achievement of performance conditions set under Globalstar’s compensation program.

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Globalstar, Inc. VP & CFO Rebecca Clary reported routine equity compensation activity and related tax sales. On April 27, 2026, she acquired 9,523 shares of Voting Common Stock at $0.00 per share from the vesting of a performance share award granted on March 27, 2025.

On April 28, 2026, she sold 4,066 shares of Voting Common Stock at a volume-weighted average price of $81.2410 per share to cover taxes due under a mandatory sell-to-cover program. After these transactions, she directly holds 121,198 shares of Globalstar common stock.

Insider Trade Summary

Net Seller: 4,066 shares ($330,326)

Net Sell 2 txns

Insider Clary Rebecca

Role VP & Chief Financial Officer

Sold 4,066 shs ($330K)

Type	Security	Shares	Price	Value
Sale	Voting Common Stock	4,066	$81.241	$330K
Grant/Award	Voting Common Stock	9,523	$0.00	--

Holdings After Transaction: Voting Common Stock — 121,198 shares (Direct, null)

Footnotes (1)

Represents shares earned upon the vesting of a portion of a performance share award granted on March 27, 2025. Shares sold to cover taxes due upon the vesting of a performance share award in accordance with a mandatory sell-to-cover program maintained by the registrant. The shares were sold in multiple transactions at prices ranging from $81.2410 to $81.3100 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.

Key Figures

Shares sold for taxes: 4,066 shares Sale price (VWAP): $81.2410 per share Performance shares vested: 9,523 shares +2 more

5 metrics

Shares sold for taxes 4,066 shares Voting Common Stock sold April 28, 2026

Sale price (VWAP) $81.2410 per share Volume-weighted average sale price on April 28, 2026

Performance shares vested 9,523 shares Performance share award vesting on April 27, 2026

Post-transaction holdings 121,198 shares Directly held Voting Common Stock after reported transactions

Performance award grant date March 27, 2025 Original grant date of performance share award that vested

Key Terms

performance share award, mandatory sell-to-cover program, volume weighted average price, Voting Common Stock

4 terms

mandatory sell-to-cover program financial

"Shares sold to cover taxes due upon the vesting of a performance share award in accordance with a mandatory sell-to-cover program maintained by the registrant."

volume weighted average price financial

"The shares were sold in multiple transactions at prices ranging from $81.2410 to $81.3100 per share. The price reported reflects the volume weighted average price for the transactions."

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.

Voting Common Stock financial

"security_title: "Voting Common Stock" in each reported transaction."

Form 4 Insider Transactions: What Each Field Means →

04/28/2026 - 06:14 PM

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).

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

LOUISIANA

70433

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Voting Common Stock	04/27/2026		A⁽¹⁾		9,523	A	$0	125,264	D
Voting Common Stock	04/28/2026		S⁽²⁾		4,066	D	$81.241⁽³⁾	121,198	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares earned upon the vesting of a portion of a performance share award granted on March 27, 2025.

2. Shares sold to cover taxes due upon the vesting of a performance share award 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 $81.2410 to $81.3100 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	04/28/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Globalstar (GSAT) report for CFO Rebecca Clary?

Globalstar’s CFO Rebecca Clary reported a performance share vesting of 9,523 shares and a related tax sale of 4,066 shares. These moves reflect routine equity compensation and tax withholding, not a discretionary change in her overall ownership stake.

How many Globalstar (GSAT) shares does CFO Rebecca Clary hold after this Form 4?

After the reported transactions, CFO Rebecca Clary directly holds 121,198 shares of Globalstar Voting Common Stock. This reflects her position following the 9,523-share performance award vesting and the 4,066-share sale to cover tax obligations.

Why did Globalstar’s CFO sell 4,066 GSAT shares according to the Form 4?

The 4,066 GSAT shares were sold solely to cover taxes due upon vesting of a performance share award under a mandatory sell-to-cover program. This is a mechanistic tax transaction rather than a discretionary open-market sale for portfolio rebalancing.

What price did Globalstar’s CFO receive for the 4,066 GSAT shares sold?

The 4,066 shares were sold at a volume-weighted average price of $81.2410 per share, based on multiple trades between $81.2410 and $81.3100. The Form 4 notes she can provide full trade details upon request to regulators or shareholders.

What kind of equity award vested for Globalstar (GSAT) CFO Rebecca Clary?

The Form 4 states that the 9,523 shares acquired on April 27, 2026 were earned from the vesting of a performance share award originally granted on March 27, 2025. Vesting reflects achievement of performance conditions set under Globalstar’s compensation program.