What was the purpose of the GSAT share sale?

Shares were sold to cover taxes due upon vesting under a mandatory sell-to-cover program maintained by the company.

Globalstar (GSAT) CFO acquires 9,524 shares; sells 4,572

Globalstar (GSAT) disclosed an insider transaction by its VP & Chief Financial Officer.

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Form Type

Rhea-AI Filing Summary

Globalstar (GSAT) disclosed an insider transaction by its VP & Chief Financial Officer. On 11/05/2025, the officer acquired 9,524 shares of voting common stock at $0 upon the vesting of a performance share award. On 11/06/2025, 4,572 shares were sold to cover taxes under a mandatory sell‑to‑cover program at a volume‑weighted average price of $48.3129, with trades ranging from $48.15 to $48.435. After these transactions, the officer directly owned 115,804 shares.

Insider Trade Summary

Net Seller: 4,572 shares

Net Sell 2 txns

Insider Clary Rebecca

Role VP & Chief Financial Officer

Sold 4,572 shs ($221K)

Type	Security	Shares	Price	Value
Sale	Voting Common Stock	4,572	$48.3129	$221K
Grant/Award	Voting Common Stock	9,524	$0.00	$0.00

Holdings After Transaction: Voting Common Stock — 115,804 shares (Direct)

Footnotes (3)

F1. Represents shares earned upon the vesting of a portion of a performance share award granted on March 27, 2025.
F2. 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.
F3. The shares were sold in multiple transactions at prices ranging from $48.15 to $48.435 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did GSAT report?

The VP & CFO acquired 9,524 shares upon vesting on 11/05/2025 and sold 4,572 shares on 11/06/2025 to cover taxes.

How many GSAT shares did the officer acquire?

9,524 shares of voting common stock were acquired at $0 upon vesting of a performance share award.

How many GSAT shares were sold and at what price?

4,572 shares were sold at a volume-weighted average price of $48.3129, with trades from $48.15 to $48.435.

How many GSAT shares does the officer own after the transactions?

Following the transactions, the officer directly owned 115,804 shares.

What role does the reporting person hold at GSAT?

The reporting person is the VP & Chief Financial Officer of Globalstar, Inc.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 11/06/2025 - 05:57 PM EST

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

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)
11/05/2025

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)
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	11/05/2025		A⁽¹⁾		9,524	A	$0	120,376	D
Voting Common Stock	11/06/2025		S⁽²⁾		4,572	D	$48.3129⁽³⁾	115,804	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 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 $48.15 to $48.435 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	11/06/2025
	** 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