Globalstar counsel granted 4,000 shares, sells 1,692
Globalstar’s General Counsel received 4,000 restricted shares that vested immediately, then sold 1,692 shares in a mandatory sell-to-cover tax program.
Rhea-AI Filing Summary
Globalstar, Inc. (GSAT) reported that its General Counsel, Ponder L. Barbee IV, received an award of 4,000 shares of Voting Common Stock as Restricted Stock under Globalstar’s Equity Incentive Plan on September 18, 2026, which vested immediately. On September 21, 2026, 1,692 shares were sold pursuant to a mandatory sell-to-cover program to satisfy taxes due upon that vesting, at a volume-weighted average price of $82.957 per share based on multiple transactions between $82.8901 and $82.9600 per share. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,692 shares
Net Sell
2 txns
Insider
Ponder L Barbee IV
Role
General Counsel
Sold
1,692 shs ($140K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock F2, F3 | 1,692 | $82.957 | $140K |
| Grant/Award | Voting Common Stock F1 | 4,000 | $0.00 | $0.00 |
Holdings After Transaction:
Voting Common Stock — 128,891 shares (Direct)
Footnotes (3)
- F1. Award of Restricted Stock under Globalstar, Inc.'s Equity Incentive Plan, which vested immediately upon the grant.
- F2. Shares sold in accordance with a mandatory sell-to-cover program maintained by the registrant to cover taxes due upon the vesting of a restricted stock award granted 9/18/2026.
- F3. The shares were sold in multiple transactions at prices ranging from $82.8901 to $82.9600 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:
Key Figures
Restricted Stock award: 4,000 shares
Shares sold to cover taxes: 1,692 shares
Volume-weighted average sale price: $82.957 per share
+1 more
4 metrics
Restricted Stock award
4,000 shares
Award of Restricted Stock under Globalstar, Inc.'s Equity Incentive Plan on September 18, 2026
Shares sold to cover taxes
1,692 shares
Sold on September 21, 2026 under a mandatory sell-to-cover program
Volume-weighted average sale price
$82.957 per share
Average price for the 1,692 shares sold on September 21, 2026
Sale price range
$82.8901–$82.9600 per share
Range of prices for multiple transactions comprising the 1,692-share sale
Key Terms
Restricted Stock, Equity Incentive Plan, sell-to-cover, volume weighted average price
4 terms
Restricted Stock financial
"Award of Restricted Stock under Globalstar, Inc.'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
"Award of Restricted Stock under Globalstar, Inc.'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.
sell-to-cover financial
"Shares sold in accordance with a mandatory sell-to-cover program"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GSAT report for General Counsel Ponder L. Barbee IV?
Globalstar reported that General Counsel Ponder L. Barbee IV received an award of 4,000 shares of Restricted Stock that vested immediately on September 18, 2026, and then sold 1,692 shares on September 21, 2026 under a mandatory sell-to-cover tax program.
Was a Rule 10b5-1 trading plan used for these GSAT insider transactions?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, and the footnotes describe a mandatory sell-to-cover program for tax withholding rather than a Rule 10b5-1 trading plan.
What type of equity award did the GSAT General Counsel receive?
Ponder L. Barbee IV received an Award of Restricted Stock for 4,000 shares of Globalstar Voting Common Stock under the company’s Equity Incentive Plan, and the award vested immediately upon grant on September 18, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
