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[Form 4] Globalstar, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Globalstar, Inc. reported that its VP & Chief Financial Officer, Rebecca Clary, had equity compensation shares vest and then sold a portion of those shares. On 12/16/2025, she acquired 9,524 shares of voting common stock at $0 per share, earned upon vesting of part of a performance share award granted on March 27, 2025, bringing her holdings to 111,821 shares directly owned.

On 12/17/2025, she sold 3,529 shares, then 800 shares, and then 500 shares of voting common stock, in transactions described as sales to cover taxes due under a mandatory sell-to-cover program. The filing notes that some of these sales occurred in multiple trades at prices ranging from $56.29 to $56.82 per share, with a reported volume-weighted average price. After these sales, she directly owned 106,992 shares of Globalstar common stock.

Positive

  • None.

Negative

  • None.

Insights

Routine equity award vesting with tax-related sales by Globalstar's CFO.

The report shows Globalstar's VP & Chief Financial Officer, Rebecca Clary, receiving 9,524 shares of voting common stock on 12/16/2025 at $0 as part of a performance share award granted on March 27, 2025. This reflects standard equity-based compensation, where executives earn shares when performance or time-based conditions are met.

On 12/17/2025, she sold 3,529, 800, and 500 shares, with the filing stating these were sales to cover taxes due under a mandatory sell-to-cover program. One transaction involved multiple trades with a volume-weighted average price between $56.29 and $56.82 per share. After these moves, her direct holdings stood at 106,992 shares, indicating continued meaningful ownership while addressing tax obligations tied to the vesting event.

Insider Clary Rebecca
Role VP & Chief Financial Officer
Sold 4,829 shs ($274K)
Type Security Shares Price Value
Sale Voting Common Stock 3,529 $55.9294 $197K
Sale Voting Common Stock 800 $57.50 $46K
Sale Voting Common Stock 500 $60.2701 $30K
Grant/Award Voting Common Stock 9,524 $0.00 --
Holdings After Transaction: Voting Common Stock — 108,292 shares (Direct)
Footnotes (1)
  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 $56.29 to $56.82 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.
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Form 4 Insider Transactions: What Each Field Means →
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 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)
12/16/2025
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 12/16/2025 A(1) 9,524 A $0 111,821 D
Voting Common Stock 12/17/2025 S(2) 3,529 D $55.9294(3) 108,292 D
Voting Common Stock 12/17/2025 S(2) 800 D $57.5 107,492 D
Voting Common Stock 12/17/2025 S(2) 500 D $60.2701 106,992 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. 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 $56.29 to $56.82 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 12/17/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Globalstar (GSAT) report for its CFO?

The VP & Chief Financial Officer, Rebecca Clary, reported the vesting of 9,524 shares of Globalstar voting common stock on 12/16/2025 and subsequent share sales on 12/17/2025.

How many Globalstar (GSAT) shares did the CFO acquire and at what price?

She acquired 9,524 shares of Globalstar voting common stock at $0 per share upon the vesting of a performance share award granted on March 27, 2025.

Why did the Globalstar (GSAT) CFO sell shares on 12/17/2025?

The filing states that the shares sold on 12/17/2025 were to cover taxes due upon the vesting of a performance share award, under a mandatory sell-to-cover program maintained by the company.

What were the sale prices for the Globalstar (GSAT) CFO’s stock sales?

One reported transaction used a volume-weighted average price for multiple trades between $56.29 and $56.82 per share, while other transactions list specific per-share prices.

How many Globalstar (GSAT) shares does the CFO hold after these transactions?

Following the reported vesting and tax-related sales, the CFO directly owns 106,992 shares of Globalstar voting common stock.

What type of award led to the Globalstar (GSAT) CFO’s share vesting?

The 9,524 shares acquired on 12/16/2025 were earned upon the vesting of a portion of a performance share award originally granted on March 27, 2025.