Globalstar (GSAT) VP granted 3,333 restricted shares and reports 575K+ total holdings

Rhea-AI Filing Summary

Globalstar, Inc. vice president of finance and operations Timothy Evan Taylor reported an equity compensation grant and updated his holdings. He received an award of 3,333 shares of Voting Common Stock at $0.00 per share as a restricted stock grant under the company’s Equity Incentive Plan. These awarded shares vest on May 11, 2027, meaning they must satisfy time-based conditions before fully belonging to him. After this grant, Taylor directly holds 255,467 shares of Voting Common Stock and is also reported as indirectly owning 320,244 shares through Thermo Investments III, LLC. The filing reflects a routine compensation-related acquisition rather than an open-market purchase or sale.

Insights

Equity compensation analyst

Routine restricted stock grant; no open-market trading signal.

The filing shows Timothy Evan Taylor, a senior executive at Globalstar, Inc., receiving 3,333 shares of restricted Voting Common Stock at $0.00 per share. This is explicitly described as an award under the company’s Equity Incentive Plan, indicating standard stock-based compensation.

The grant vests on May 11, 2027, so Taylor must remain and meet plan conditions to fully earn the shares. After this award, he directly holds 255,467 shares and is reported with an additional 320,244 shares held indirectly through Thermo Investments III, LLC. The transaction involves no cash purchase or sale and carries limited informational value for short-term trading sentiment.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Taylor Timothy Evan

Role VP, Finance & Operations

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

Holdings After Transaction: Voting Common Stock — 255,467 shares (Direct, null); Voting Common Stock — 320,244 shares (Indirect, By Thermo Investments III, LLC)

Footnotes (1)

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Key Figures

Restricted stock award: 3,333 shares Grant price: $0.00 per share Direct holdings after grant: 255,467 shares +2 more

5 metrics

Restricted stock award 3,333 shares Grant of Voting Common Stock under Equity Incentive Plan

Grant price $0.00 per share Price for restricted stock award

Direct holdings after grant 255,467 shares Voting Common Stock held directly after transaction

Indirect holdings 320,244 shares Voting Common Stock held through Thermo Investments III, LLC

Vesting date May 11, 2027 Restricted stock award vesting date

Key Terms

restricted stock, Equity Incentive Plan, Voting Common Stock

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.

Voting Common Stock financial

"security_title: "Voting Common Stock" for the reported transactions."

Form 4 Insider Transactions: What Each Field Means →

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^*

Taylor Timothy Evan

(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
X	Officer (give title below)		Other (specify below)
	VP, Finance & Operations

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)
			Code	V	Amount	(A) or (D)	Price
Voting Common Stock	05/11/2026		A(1)		3,333	A	$0	255,467	D
Voting Common Stock								320,244	I	By Thermo Investments III, LLC

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

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 Timothy E. Taylor	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)

FAQ

What did Globalstar (GSAT) executive Timothy Evan Taylor report in this Form 4?

He reported receiving an award of 3,333 shares of Globalstar Voting Common Stock as restricted stock under the company’s Equity Incentive Plan, at $0.00 per share, with vesting scheduled for May 11, 2027, updating his direct and indirect ownership positions.

Is the Globalstar (GSAT) Form 4 transaction a stock purchase or sale?

The Form 4 shows an equity award, not a market trade. Taylor received 3,333 restricted shares at $0.00 per share as compensation. No open-market buying or selling occurred in this transaction, so it primarily reflects routine incentive-based pay rather than trading activity.

How many Globalstar (GSAT) shares does Timothy Evan Taylor hold after this filing?

After the reported award, Taylor directly holds 255,467 shares of Globalstar Voting Common Stock. The filing also lists 320,244 additional shares held indirectly through Thermo Investments III, LLC, giving investors a clearer picture of his total reported equity exposure to the company.

When do the new Globalstar (GSAT) restricted shares granted to Taylor vest?

The 3,333 restricted shares awarded to Taylor vest on May 11, 2027. Vesting means he must satisfy service or plan conditions until that date before the shares fully belong to him, aligning his compensation with longer-term company performance and retention.

What does it mean that some Globalstar (GSAT) shares are held indirectly by Thermo Investments III, LLC?

Indirect holdings indicate shares are owned through another entity, in this case Thermo Investments III, LLC. The filing attributes 320,244 Globalstar shares to Taylor via this entity, clarifying that part of his economic exposure is held through the LLC rather than in his name.