Globalstar (NYSE: GSAT) CEO Paul Jacobs gets stock and options awards

Rhea-AI Filing Summary

Globalstar, Inc. insider filing shows new equity awards for Chief Executive Officer and director Paul E. Jacobs. On January 5, 2026, he received 780 shares of restricted voting common stock under the company’s equity incentive plan, which will vest on January 5, 2027. After this award, his directly held voting common stock increased to 59,675 shares.

The filing also reports a grant of stock options for 6,666 shares of voting common stock at an exercise price of $64.08, granted on January 5, 2026. These options vest in one‑third annual installments on January 5, 2027, 2028 and 2029 and expire on January 5, 2036, leaving 6,666 options beneficially owned directly. In addition, the report lists indirect beneficial ownership of 1,116,400 voting common shares held by a trust.

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^*

JACOBS PAUL E

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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	59,675	D
Voting Common Stock								1,116,400	I	By Trust

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 Paul E. Jacobs	01/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What does Globalstar (GSAT) report in this Form 4 filing?

The filing reports that Paul E. Jacobs, Globalstar’s Chief Executive Officer and director, received new equity awards and discloses his updated direct and indirect holdings of voting common stock and stock options.

How many Globalstar shares did Paul Jacobs receive in the latest award?

Paul Jacobs received 780 shares of restricted voting common stock on January 5, 2026 under Globalstar’s equity incentive plan, increasing his directly held voting common stock to 59,675 shares.

What stock options were granted to Paul Jacobs according to the Form 4?

The Form 4 shows a grant of 6,666 stock options on January 5, 2026, each for one share of voting common stock at an exercise price of $64.08, with 6,666 options beneficially owned following the transaction.

What are the vesting terms of Paul Jacobs’ restricted stock award at Globalstar?

The 780 restricted shares reported for Paul Jacobs represent an award under Globalstar’s equity incentive plan, and the filing states that these shares vest on January 5, 2027.

How do Paul Jacobs’ Globalstar stock options vest and when do they expire?

The stock options vest in one‑third annual increments on January 5, 2027, January 5, 2028 and January 5, 2029, and the options expire on January 5, 2036.

What indirect Globalstar share ownership is reported for Paul Jacobs?

The Form 4 lists 1,116,400 shares of voting common stock as indirectly beneficially owned by Paul Jacobs, with the nature of ownership shown as "By Trust".

What roles does Paul Jacobs hold at Globalstar in this filing?

The filing identifies Paul E. Jacobs as both a Director and an Officer, with the officer title given as Chief Executive Officer of Globalstar, Inc.