Globalstar (GSAT) director and 10% owner receives new equity awards

Rhea-AI Filing Summary

Globalstar, Inc. director and 10% owner James Monroe III reported new equity awards and confirmed his substantial shareholdings. On January 5, 2026, he received an award of 780 shares of voting common stock under Globalstar's equity incentive plan, bringing his directly held voting common stock to 45,880 shares. These awarded shares vest on January 5, 2027.

On the same date, Monroe was also granted stock options for 6,666 shares of voting common stock, which vest in three equal annual installments on January 5, 2027, 2028 and 2029. In addition to his direct holdings, he reports large indirect ownership of voting common stock through various entities, including 13,142,665 shares held by Thermo Funding Company and 58,833,076 shares held by Thermo Funding II LLC, among other affiliated entities.

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^*

Monroe James III

(Last) (First) (Middle)

1735 NINETEENTH STREET

(Street)

DENVER CO 80202

(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	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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	01/05/2026		A(1)		780	A	$0	45,880	D
Voting Common Stock								13,142,665	I	Thermo Funding Company
Voting Common Stock								947,273	I	By Thermo Properties II, LLC
Voting Common Stock								42,717	I	By FL Investment Holdings LLC
Voting Common Stock								790,097	I	Thermo XCOM LLC
Voting Common Stock								58,833,076	I	Thermo Funding II LLC
Voting Common Stock								200,000	I	Monroe Irr. Educational Trust
Voting Common Stock								41,238	I	By Globalstar Satellite L.P.
Voting Common Stock								13,347	I	By Thermo Investments Limited Partnership
Voting Common Stock								1,956	I	By James Monroe III Grantor Trust

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
Stock Option (Right to Buy)	$64.08	01/05/2026		A		6,666		01/05/2027(2)	01/05/2036	Voting Common Stock	6,666	$0	6,666	D

Explanation of Responses:

1. Represents an award of restricted stock under the Issuer's Equity Incentive Plan. The awarded shares vest on January 5, 2027.

2. Represents an award of stock options under the Issuer's Equity Incentive Plan. The options vest in one-third annual increments on each of January 5, 2027, 2028 and 2029.

Remarks:

	Kelly C. Simoneaux, attorney-in-fact for James Monroe III	01/07/2026
	** 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.

FAQ

What insider transactions did Globalstar (GSAT) report for James Monroe III?

James Monroe III reported an award of 780 shares of voting common stock and a grant of stock options for 6,666 shares on January 5, 2026, both under Globalstar's equity incentive plan.

How many Globalstar shares does James Monroe III hold directly after this filing?

After the reported restricted stock award, James Monroe III directly owns 45,880 shares of Globalstar voting common stock.

What are the vesting terms of the restricted stock granted to James Monroe III at Globalstar?

The restricted stock award of 780 shares of Globalstar voting common stock vests on January 5, 2027.

When do James Monroe III's newly granted Globalstar stock options vest?

The stock options for 6,666 shares vest in one-third annual increments on January 5, 2027, 2028 and 2029.

What significant indirect Globalstar holdings are associated with James Monroe III?

Indirect holdings reported include 13,142,665 shares of voting common stock held by Thermo Funding Company and 58,833,076 shares held by Thermo Funding II LLC, among other affiliated entities.

What is James Monroe III's role at Globalstar?

James Monroe III is reported as a director and a 10% owner of Globalstar, Inc.