Globalstar (GSAT) CFO Reports Vesting of 9,524 Shares; Subsequent Sell-to-Cover Sales

Rhea-AI Filing Summary

Rebecca Clary, Vice President & Chief Financial Officer of Globalstar, Inc. (GSAT), reported equity changes in a Form 4 covering transactions on September 9 and September 15, 2025. On September 9, 2025, 9,524 shares were acquired upon vesting of a portion of a performance share award (price $0), increasing her beneficial ownership to 113,120 shares. The filing notes that 855 of those shares were previously acquired under the company Employee Stock Purchase Plan on June 13, 2025.

On September 15, 2025, Ms. Clary completed routine sell-to-cover transactions related to the vesting: sales of 3,691 shares at $29.70, 1,538 shares at $29.8001, and 130 shares at $30.7825, reducing her ownership to 107,761 shares. The Form 4 was signed by an attorney-in-fact on her behalf.

Insights

Securities Analyst

TL;DR: Routine compensation vesting and sell-to-cover activity; no material change to control or large disposition.

The transactions reflect standard equity compensation mechanics: a performance share award vested and shares were sold to satisfy tax obligations under a mandatory sell-to-cover program. The net change in beneficial ownership is modest relative to typical public-company float sizes and does not suggest a shift in insider sentiment or control. The inclusion of 855 ESPP shares shows ongoing participation in employee equity plans. Impact on shareholders or capital structure appears immaterial based on the disclosed amounts.

Corporate Governance Expert

TL;DR: Governance procedures followed; signature by attorney-in-fact and required disclosures are properly documented.

The Form 4 discloses the relationship (Officer, VP & CFO) and provides transaction codes with explanatory remarks describing vesting and mandatory sell-to-cover actions. The filing records requisite details including share counts and prices, and is signed by an authorized representative. From a governance perspective, disclosures are consistent with Section 16 reporting obligations and do not raise compliance concerns.

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).

1. Name and Address of Reporting Person^*

Clary Rebecca

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025

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	09/09/2025		A(1)		9,524	A	$0	113,120(2)	D
Voting Common Stock	09/15/2025		S(3)		3,691	D	$29.7	109,429	D
Voting Common Stock	09/15/2025		S(3)		1,538	D	$29.8001	107,891	D
Voting Common Stock	09/15/2025		S(3)		130	D	$30.7825	107,761	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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

2. Includes 855 shares acquired under the registrant's Employee Stock Purchase Plan on June 13, 2025.

3. 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.

Remarks:

	Kelly C. Simoneaux, attorney-in-fact for Rebecca Clary	09/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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