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Globalstar (GSAT) director Benjamin Wolff sells 56,711 shares in August 2026 trades

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Globalstar, Inc. director Benjamin G. Wolff reported two open-market or private sales of Voting Common Stock. On August 11, 2026, he sold 24,000 shares at a volume weighted average price of $83.5379 per share, in multiple trades between $83.3 and $83.655. On August 12, 2026, he sold 32,711 shares at a volume weighted average price of $83.1852, in trades between $83.3 and $83.53. Post-transaction share holdings are not reported in this form.

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Insights

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Insider Wolff Benjamin G
Role Director
Sold 56,711 shs ($4.73M)
Type Security Shares Price Value
Sale Voting Common Stock F2 32,711 $83.1852 $2.72M
Sale Voting Common Stock F1 24,000 $83.5379 $2.00M
Holdings After Transaction: Voting Common Stock — 4,116 shares (Direct)
Footnotes (2)
  1. F1. The shares were sold in multiple transactions at prices ranging from $83.3 to $83.655 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.
  2. F2. The shares were sold in multiple transactions at prices ranging from $83.3 to $83.53 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.
Shares sold on 2026-08-11 24,000 shares Voting Common Stock sale by director Benjamin G. Wolff
VWAP on 2026-08-11 $83.5379 per share Volume weighted average sale price in multiple transactions
Shares sold on 2026-08-12 32,711 shares Voting Common Stock sale by director Benjamin G. Wolff
VWAP on 2026-08-12 $83.1852 per share Volume weighted average sale price in multiple transactions
Total shares sold 56,711 shares Combined Voting Common Stock sales on August 11–12, 2026
Price range F1 $83.3 to $83.655 per share Range of prices for August 11, 2026 trades
Price range F2 $83.3 to $83.53 per share Range of prices for August 12, 2026 trades
Voting Common Stock financial
"The reporting person sold Voting Common Stock in two transactions."
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.
open market or private transaction financial
"Transaction code S indicates a sale in open market or private transaction."

FAQ

What insider transactions did Globalstar (GSAT) report for Benjamin G. Wolff?
Benjamin G. Wolff reported two sales of Globalstar Voting Common Stock, totaling 56,711 shares on August 11 and 12, 2026, in open-market or private transactions at volume weighted average prices in the low $80s per share.

How many Globalstar (GSAT) shares did Benjamin G. Wolff sell on August 11, 2026?
On August 11, 2026, Benjamin G. Wolff sold 24,000 shares of Globalstar Voting Common Stock at a $83.5379 volume weighted average price, with individual trades executed between $83.3 and $83.655 per share.

What were the details of Benjamin G. Wolff’s August 12, 2026 sale of Globalstar (GSAT) stock?
On August 12, 2026, Benjamin G. Wolff sold 32,711 shares of Globalstar Voting Common Stock at a $83.1852 volume weighted average price, from multiple trades priced between $83.3 and $83.53 per share.

Were Benjamin G. Wolff’s Globalstar (GSAT) stock sales made under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and the accompanying footnotes describe pricing mechanics only; they do not state that these sales were made under a Rule 10b5-1 trading plan.

Does the Form 4 disclose Benjamin G. Wolff’s Globalstar (GSAT) holdings after these sales?
For both reported sales, the Form 4 leaves the shares owned following transaction field blank, so this filing does not state Benjamin G. Wolff’s remaining Globalstar share ownership after the August 11–12, 2026 transactions.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Wolff Benjamin G
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Voting Common Stock08/11/2026S24,000D$83.5379(1)36,827D
Voting Common Stock08/12/2026S32,711D$83.1852(2)4,116D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The shares were sold in multiple transactions at prices ranging from $83.3 to $83.655 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.
2. The shares were sold in multiple transactions at prices ranging from $83.3 to $83.53 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 Benjamin G. Wolff08/12/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR