Globalstar (NYSE: GSAT) grants director restricted stock and options

Rhea-AI Filing Summary

Globalstar director Keith O. Cowan reported new equity awards from the company. On January 5, 2026, he received 780 shares of Voting Common Stock as restricted stock under Globalstar’s Equity Incentive Plan at a price of $0 per share. These restricted shares are scheduled to vest on January 5, 2027.

On the same date, he was also granted stock options for 6,666 shares of Voting Common Stock with an exercise price of $64.08 per share. These options vest in three equal annual installments on January 5 of 2027, 2028, and 2029, and are exercisable until January 5, 2036. Following these transactions, Cowan directly held 58,413 shares of Voting Common Stock and 6,666 stock options.

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

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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).

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^*

COWAN KEITH O

(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)

X	Director		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	58,413	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
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 Keith O. Cowan	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.
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FAQ

What did Globalstar (GSAT) disclose in this Form 4 filing?

The filing shows that director Keith O. Cowan received new equity awards from Globalstar, Inc. on January 5, 2026, including restricted stock and stock options granted under the company’s Equity Incentive Plan.

How many Globalstar shares did director Keith O. Cowan receive?

He received 780 shares of Globalstar Voting Common Stock as a restricted stock award at a price of $0 per share, and his total directly held common shares after the grant were 58,413.

What stock options were granted to the Globalstar director in this filing?

Cowan was granted 6,666 stock options (Stock Option, Right to Buy) for Globalstar Voting Common Stock at an exercise price of $64.08 per share. He directly held 6,666 options after the grant.

What is the vesting schedule for Keith O. Cowan’s Globalstar restricted stock and options?

The 780 restricted shares vest on January 5, 2027. The 6,666 stock options vest in one-third annual increments on January 5, 2027, 2028, and 2029, and are exercisable until January 5, 2036.

Was this a purchase or a grant of Globalstar securities?

These were grants under Globalstar’s Equity Incentive Plan. Both the 780 restricted shares and the 6,666 stock options were reported with a transaction code “A” (award/grant) and a price of $0 for the acquired securities.

Is Keith O. Cowan a 10% owner of Globalstar according to this Form 4?

No. He is identified as a Director, and the box for 10% Owner is not checked in the relationship section of the filing.