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Globalstar (GSAT) director sells 110,000-share block

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

Rhea-AI Filing Summary

Globalstar, Inc. (GSAT) director James F. Lynch reported an indirect sale of 110,000 shares of Voting Common Stock on 2026-08-26 by Thermo Investments II LLC. The volume weighted average price was $81.7763 per share, with trade prices ranging from $81.5400 to $81.9050. After this sale, indirect holdings reported for Thermo Investments II LLC were 712,714 shares, and Lynch also reported 57,879 shares held directly.

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Insider Lynch James F
Role Director
Sold 110,000 shs ($9.00M)
Type Security Shares Price Value
Sale Voting Common Stock F1 110,000 $81.7763 $9.00M
holding Voting Common Stock -- -- --
Holdings After Transaction: Voting Common Stock — 712,714 shares (Indirect, By Thermo Investments II LLC); Voting Common Stock — 57,879 shares (Direct)
Footnotes (1)
  1. F1. The shares were sold in multiple transactions at prices ranging from $81.5400 to $81.9050 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.
Shares sold 110,000 shares of Voting Common Stock Indirect sale on 2026-08-26 by Thermo Investments II LLC
Volume weighted average price $81.7763 per share Sale of 110,000 GSAT shares on 2026-08-26
Price range of sales $81.5400–$81.9050 per share Multiple transactions underlying the reported average price
Indirect holdings after transaction 712,714 shares Voting Common Stock held indirectly by Thermo Investments II LLC
Direct holdings after transaction 57,879 shares Voting Common Stock held directly by James F. Lynch
Voting Common Stock financial
"security_title: "Voting Common Stock""
volume weighted average price financial
"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.
indirect financial
"ownership_type: "indirect" with nature_of_ownership "By Thermo Investments II LLC""

FAQ

What insider transaction did GSAT director James F. Lynch report?
James F. Lynch reported an indirect sale of 110,000 GSAT shares of Voting Common Stock on 2026-08-26, executed through Thermo Investments II LLC.

At what price were the 110,000 GSAT shares sold?
The 110,000 GSAT shares were sold at a volume weighted average price of $81.7763 per share, with individual trade prices ranging from $81.5400 to $81.9050.

How many GSAT shares does Thermo Investments II LLC hold after the sale?
After the reported sale, Thermo Investments II LLC’s indirect holdings associated with James F. Lynch total 712,714 GSAT shares of Voting Common Stock.

How many GSAT shares does James F. Lynch hold directly after this filing?
James F. Lynch reported 57,879 GSAT shares held directly as of the same reporting date, separate from the 712,714 shares held indirectly through Thermo Investments II LLC.

Was the GSAT insider sale made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the footnote does not state that the trades were made under a Rule 10b5-1 trading plan.

What does the footnote say about the GSAT sale prices?
The footnote states the GSAT shares were sold in multiple transactions at prices from $81.5400 to $81.9050 per share, and that the reported price is a volume weighted average price.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Lynch James F
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Voting Common Stock08/26/2026S110,000D$81.7763(1)712,714IBy Thermo Investments II LLC
Voting Common Stock57,879D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The shares were sold in multiple transactions at prices ranging from $81.5400 to $81.9050 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 James F. Lynch08/26/2026
** Signature of Reporting PersonDate
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