Globalstar director sells 361,600 shares privately

A Globalstar director reported an estate-planning private share transfer via an affiliated entity, with both indirect and direct holdings remaining afterward.

Available on EDGAR 09/21/2026 - 05:24 PM EDT Accepted by SEC EDGAR 09/21/2026 - 05:23 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Globalstar, Inc. (GSAT) disclosed that director James F. Lynch reported an indirect sale of 361,600 shares of Voting Common Stock on September 18, 2026. According to the filing, shares held through Thermo Investments II LLC were sold in a private transaction to the James Monroe III Grantor Trust for estate planning purposes, leaving 351,114 shares held indirectly and 57,879 shares held directly. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Seller: 361,600 shares

Net Sell 1 txn

Insider Lynch James F

Role Director

Sold 361,600 shs ($29.84M)

Share of Position Sold 50.7%

Type	Security	Shares	Price	Value
Sale	Voting Common Stock F1	361,600	$82.52	$29.84M
Holding	Voting Common Stock	--	--	--

Holdings After Transaction: Voting Common Stock — 351,114 shares (Indirect, By Thermo Investments II LLC); Voting Common Stock — 57,879 shares (Direct)

Holdings Before and After: Voting Common Stock, 712,714 to 351,114 shares (Indirect, By Thermo Investments II LLC)

Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (1)

1. F1. Shares sold to James Monroe III Grantor Trust in a private transaction for estate planning purposes.

Key Figures

Shares sold: 361,600 shares Sale price per share: $82.52 per share Indirect holdings after transaction: 351,114 shares +1 more

4 metrics

Shares sold 361,600 shares Voting Common Stock sold on September 18, 2026 by entity associated with director

Sale price per share $82.52 per share Private transaction for estate planning purposes on September 18, 2026

Indirect holdings after transaction 351,114 shares Voting Common Stock held indirectly through Thermo Investments II LLC after sale

Direct holdings after transaction 57,879 shares Voting Common Stock held directly by James F. Lynch after reported transactions

Key Terms

Voting Common Stock, indirect ownership, estate planning, Rule 10b5-1

4 terms

Voting Common Stock financial

"security title is listed as Voting Common Stock for the reported transactions"

indirect ownership financial

"total shares following transaction are reported as indirectly held"

estate planning financial

"Shares sold to James Monroe III Grantor Trust in a private transaction for estate planning purposes"

A set of instructions and legal steps that decide who gets your money, property and other assets, and who will manage them if you become unable to do so. For investors it matters because thoughtful planning can reduce taxes and delays, protect heirs, and keep investments from being tied up in court—think of it as a clear map and emergency kit that preserves value and directs where assets go when you can’t.

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported in connection with these transactions"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

What did Globalstar (GSAT) disclose about director James F. Lynch’s recent transaction?

Globalstar reported that director James F. Lynch had an affiliated entity sell 361,600 shares of Voting Common Stock on September 18, 2026, in a private transaction to the James Monroe III Grantor Trust for estate planning purposes.

How many Globalstar (GSAT) shares did the affiliated entity sell and at what price?

An entity associated with director James F. Lynch sold 361,600 shares of Globalstar Voting Common Stock at $82.52 per share on September 18, 2026, as reported in the Form 4 filing.

Who bought the Globalstar (GSAT) shares sold in this Form 4 transaction?

The filing states the 361,600 shares were sold in a private transaction to the James Monroe III Grantor Trust for estate planning purposes, rather than through an open-market sale.

What are James F. Lynch’s remaining Globalstar (GSAT) holdings after the reported sale?

After the reported transaction, James F. Lynch’s Form 4 shows 351,114 shares of Voting Common Stock held indirectly through Thermo Investments II LLC and 57,879 shares held directly.

Was the Globalstar (GSAT) insider transaction made under a Rule 10b5-1 plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the 361,600-share sale was made under a Rule 10b5-1 trading plan.

Is the Globalstar (GSAT) insider transaction classified as direct or indirect ownership?

The reported sale of 361,600 shares involved indirect ownership through Thermo Investments II LLC. The form also reports a separate holding entry for 57,879 shares held under direct ownership by James F. Lynch.

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

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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^*

Lynch James F

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

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	09/18/2026		S(1)		361,600	D	$82.52	351,114	I	By Thermo Investments II LLC
Voting Common Stock								57,879	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares sold to James Monroe III Grantor Trust in a private transaction for estate planning purposes.

Remarks:

	Kelly C. Simoneaux, attorney-in-fact for James F. Lynch	09/21/2026
	** 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)