Globalstar (NYSE: GSAT) director sells option shares in $82 trades
Rhea-AI Filing Summary
For Globalstar, Inc. (GSAT), director Benjamin G. Wolff reported option exercises and a related share sale on August 21, 2026. He exercised three stock option grants, each for 6,666 shares of voting common stock at exercise prices of $7.05, $8.106, and $5.079 per share, acquiring a total of 19,998 shares. That same day, he sold 19,998 shares of voting common stock at a volume weighted average price of $82.2133 per share, in multiple transactions between $82.20 and $82.26. All share amounts and prices reflect Globalstar’s 1-for-15 reverse stock split effective February 10, 2025. The filing does not indicate use of a Rule 10b5‑1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 19,998 shares ($1.51M approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Wolff Benjamin G
Role
Director
Sold
19,998 shs ($1.64M)
Approx. gross sale proceeds
$1.64M
Approx. exercise cost
$135K
Approx. pre-tax spread
$1.51M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F2 | 6,666 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F3 | 6,666 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F4 | 6,666 | $0.00 | $0.00 |
| Exercise | Voting Common Stock | 6,666 | $7.05 | $47K |
| Exercise | Voting Common Stock | 6,666 | $8.106 | $54K |
| Exercise | Voting Common Stock | 6,666 | $5.079 | $34K |
| Sale | Voting Common Stock F1 | 19,998 | $82.2133 | $1.64M |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct);
Voting Common Stock — 4,116 shares (Direct)
Footnotes (4)
- F1. The shares were sold in multiple transactions at prices ranging from $82.2 to $82.26 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.
- F2. Award vested and became exercisable as to one third on each of December 27, 2019, December 27, 2020 and December 27, 2021.
- F3. Award vested and became exercisable as to one third on each of January 2, 2021, January 2, 2022 and January 2, 2023.
- F4. Award vested and became exercisable as to one third on each of January 2, 2022, January 2, 2023 and January 2, 2024.
Key Figures
Shares sold: 19,998 shares
Sale price (VWAP): $82.2133 per share
Exercise price: $7.05 per share
+5 more
8 metrics
Shares sold
19,998 shares
Voting Common Stock sold on August 21, 2026
Sale price (VWAP)
$82.2133 per share
Volume weighted average price for sales on August 21, 2026
Exercise price
$7.05 per share
Stock option for 6,666 shares of Voting Common Stock
Exercise price
$8.106 per share
Stock option for 6,666 shares of Voting Common Stock
Exercise price
$5.079 per share
Stock option for 6,666 shares of Voting Common Stock
Options exercised
19,998 shares
Total underlying Voting Common Stock from three option exercises
Reverse stock split ratio
1-for-15
Reverse stock split effective February 10, 2025
Option expiration dates
December 27, 2028; January 2, 2030; January 2, 2031
Expiration dates for the three exercised option awards
Key Terms
Stock Option (Right to Buy), volume weighted average price, reverse stock split
3 terms
Stock Option (Right to Buy) financial
"security_title "Stock Option (Right to Buy)""
volume weighted average price financial
"The price reported reflects the volume weighted average price"
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.
reverse stock split financial
"reflect the Issuer's 1 for 15 reverse stock spilt"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
FAQ
What did Benjamin G. Wolff report in this Form 4 for GSAT?
He exercised options for 19,998 shares of Globalstar voting common stock and sold 19,998 shares on August 21, 2026, in transactions linked to those option exercises.
What stock options did Wolff exercise in this GSAT Form 4?
He exercised three stock option grants for 6,666 shares each, at exercise prices of $7.05, $8.106, and $5.079 per share, all for voting common stock.
Was the GSAT Form 4 transaction under a Rule 10b5-1 trading plan?
No. The document-level checkbox indicates no Rule 10b5‑1 trading plan applied to these reported transactions.
When do the exercised Globalstar stock options expire?
The exercised options had expiration dates of December 27, 2028; January 2, 2030; and January 2, 2031, as disclosed for the respective stock option awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
