Globalstar (GSAT) director exercises options, sells 19,998 shares
Rhea-AI Filing Summary
Globalstar, Inc. (GSAT) director Benjamin G. Wolff reported option exercises and a same‑day stock sale on August 27, 2026. He exercised stock options for an aggregate 19,998 shares of voting common stock at strike prices of $17.40, $19.50, $28.05, and $32.85 per share, then sold 19,998 shares at a volume weighted average price of $81.98 per share. Share and exercise prices reflect Globalstar’s 1‑for‑15 reverse stock split effective February 10, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 19,998 shares ($1.20M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Wolff Benjamin G
Role
Director
Sold
19,998 shs ($1.64M)
Approx. gross sale proceeds
$1.64M
Approx. exercise cost
$444K
Approx. pre-tax spread
$1.20M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F2 | 6,666 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F3 | 6,666 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F4 | 4,444 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F5 | 2,222 | $0.00 | $0.00 |
| Exercise | Voting Common Stock | 6,666 | $17.40 | $116K |
| Exercise | Voting Common Stock | 6,666 | $19.50 | $130K |
| Exercise | Voting Common Stock | 4,444 | $28.05 | $125K |
| Exercise | Voting Common Stock | 2,222 | $32.85 | $73K |
| Sale | Voting Common Stock F1 | 19,998 | $81.98 | $1.64M |
Holdings After Transaction:
Stock Option (Right to Buy) — 6,666 shares (Direct);
Voting Common Stock — 4,116 shares (Direct)
Footnotes (5)
- F1. The shares were sold in multiple transactions at prices ranging from $81.7301 to $82.1400 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.
- F2. Award vested and became exercisable as to one third on each of January 4, 2023, January 4, 2024 and January 4, 2025.
- F3. Award vested and became exercisable as to one third on each of January 3, 2024, January 3, 2025 and January 3, 2026.
- F4. Award vests and becomes exercisable as to one third on each of January 2, 2025, 2026, and 2027.
- F5. Award vests and becomes exercisable as to one third on each of January 6, 2026, 2027, and 2028.
Key Figures
Shares sold: 19,998 shares
Sale volume weighted average price: $81.98 per share
Option exercise shares: 19,998 shares
+2 more
5 metrics
Shares sold
19,998 shares
Voting common stock sale on August 27, 2026
Sale volume weighted average price
$81.98 per share
VWAP for 19,998-share sale, prices ranged $81.7301–$82.1400
Option exercise shares
19,998 shares
Aggregate underlying voting common stock from four option exercises on August 27, 2026
Option exercise prices
$17.40, $19.50, $28.05, $32.85 per share
Strike prices for exercised stock options adjusted for 1-for-15 reverse split
Reverse stock split ratio
1-for-15
Globalstar reverse stock split effective February 10, 2025, used to adjust Form 4 figures
Key Terms
volume weighted average price, reverse stock split, Stock Option (Right to Buy), voting common stock
4 terms
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.
reverse stock split financial
"reflect the Issuer's 1 for 15 reverse stock spilt effected on February 10, 2025."
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
voting common stock financial
"underlying_security_title": "Voting Common Stock""
FAQ
What insider transactions did GSAT director Benjamin G. Wolff report on August 27, 2026?
Benjamin G. Wolff reported exercising stock options for 19,998 shares of Globalstar voting common stock and selling 19,998 shares on August 27, 2026. The options had strike prices between $17.40 and $32.85 per share, and the sale used a $81.98 volume weighted average price.
What stock options did Benjamin G. Wolff exercise in this GSAT Form 4?
He exercised stock options covering 6,666 shares at $17.40, 6,666 shares at $19.50, 4,444 shares at $28.05, and 2,222 shares at $32.85 per share, all for Globalstar voting common stock.
Were the GSAT insider transactions made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5‑1 checkbox is not marked as affirmative. The Form 4 does not state that the reported Globalstar transactions were executed pursuant to a Rule 10b5‑1 trading plan.
How did Globalstar’s reverse stock split affect the Form 4 figures for GSAT?
The Form 4 states that all share amounts and exercise prices are adjusted for Globalstar’s 1‑for‑15 reverse stock split that became effective on February 10, 2025, so the reported option strikes and share counts are post‑split values.
What is Benjamin G. Wolff’s role at Globalstar (GSAT) in this Form 4?
Benjamin G. Wolff is identified as a director of Globalstar, Inc. in the Form 4. He is not listed as an officer or 10% owner in this particular filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
