What does the $0.00 price per share mean in the Globalstar (GSAT) Form 4 grant?

The $0.00 price per share indicates that the shares were granted as compensation, not bought for cash in the market. As a restricted stock award under Globalstar’s Equity Incentive Plan, the director receives the shares subject to vesting conditions instead of paying a purchase price.

Globalstar (GSAT) director receives 3,333-share restricted stock award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Globalstar, Inc. director William A. Hasler received an equity compensation grant of 3,333 shares of Voting Common Stock. The award is in the form of restricted stock under the company’s Equity Incentive Plan, carries no cash exercise price, and vests on May 11, 2027.

After this grant, Hasler directly holds 65,546 shares of Globalstar common stock. Because this is a stock award rather than an open-market purchase or sale, it reflects routine director compensation rather than a discretionary trading decision.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HASLER WILLIAM A

Role null

Type	Security	Shares	Price	Value
Grant/Award	Voting Common Stock	3,333	$0.00	--

Holdings After Transaction: Voting Common Stock — 65,546 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock grant: 3,333 shares Grant price per share: $0.00 per share Shares owned after grant: 65,546 shares +1 more

4 metrics

Restricted stock grant 3,333 shares Award of Voting Common Stock to director on May 11, 2026

Grant price per share $0.00 per share Restricted stock issued as compensation, not purchased in market

Shares owned after grant 65,546 shares Director’s direct holdings of Voting Common Stock following the award

Vesting date May 11, 2027 Scheduled vesting date for 3,333 restricted shares

Key Terms

restricted stock, Equity Incentive Plan, vest

3 terms

restricted stock financial

"Represents an award of restricted stock under the Issuer's Equity Incentive Plan."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Equity Incentive Plan financial

"Represents an award of restricted stock under the Issuer's Equity Incentive Plan."

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

vest financial

"The awarded shares vest on May 11, 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 05:30 PM

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^*

HASLER WILLIAM A

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Voting Common Stock	05/11/2026		A⁽¹⁾		3,333	A	$0	65,546	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents an award of restricted stock under the Issuer's Equity Incentive Plan. The awarded shares vest on May 11, 2027.

Remarks:

	Kelly C. Simoneaux, attorney-in-fact for William A. Hasler	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Globalstar (GSAT) report for William A. Hasler?

Globalstar reported that director William A. Hasler received a grant of 3,333 shares of Voting Common Stock. The award is restricted stock issued under the company’s Equity Incentive Plan, representing routine equity compensation rather than an open-market trade.

How many Globalstar (GSAT) shares did William A. Hasler own after this Form 4 transaction?

After the restricted stock grant, William A. Hasler directly owned 65,546 shares of Globalstar Voting Common Stock. This figure includes the newly awarded 3,333 restricted shares, which are scheduled to vest on May 11, 2027, assuming applicable vesting conditions are satisfied.

Was the Globalstar (GSAT) Form 4 transaction an open-market purchase or a stock award?

The transaction was a stock award, not an open-market purchase. The Form 4 describes it as a grant or award acquisition of 3,333 restricted shares under Globalstar’s Equity Incentive Plan, with a reported price per share of $0.00 rather than a market purchase price.

When do William A. Hasler’s newly granted Globalstar (GSAT) restricted shares vest?

The 3,333 restricted shares awarded to William A. Hasler are scheduled to vest on May 11, 2027. Until vesting, they remain subject to the restrictions described in Globalstar’s Equity Incentive Plan, which typically include continued service and other standard forfeiture conditions.