Globalstar (GSAT) CEO exercises 6,666 options and sells 714 shares for taxes

Rhea-AI Filing Summary

Globalstar, Inc. Chief Executive Officer Paul E. Jacobs reported multiple equity transactions in Globalstar (GSAT). He exercised stock options to acquire 6,666 shares of Voting Common Stock, including 4,444 shares at an exercise price of $28.05 and 2,222 shares at $32.85. On the same date, he sold a total of 714 shares of Voting Common Stock at prices around $59.56–$59.58, which a footnote states were sold under a mandatory sell-to-cover program to pay additional taxes due on the vesting of a restricted stock award granted on March 10, 2026. After these transactions, Jacobs directly holds 67,032 shares of Voting Common Stock and indirectly holds 1,116,400 shares through a trust. A footnote also notes that the number of stock option shares and exercise prices have been adjusted to reflect a 1-for-15 reverse stock split effective on February 10, 2025.

Insights

Equity compensation and insider-trading specialist

CEO exercised options and sold a small portion of shares to cover taxes.

Paul E. Jacobs, CEO of Globalstar, exercised options for 6,666 shares of Voting Common Stock at exercise prices of $28.05 and $32.85. These M-code transactions convert derivative awards into outright share ownership, a common step in executive equity compensation.

He also sold 714 shares at roughly $59.56–$59.58 per share. A footnote explains these were part of a mandatory sell-to-cover program to pay taxes on a restricted stock award vesting, which indicates the sales are largely mechanical rather than discretionary portfolio changes.

Following these moves, Jacobs directly owns 67,032 shares and indirectly holds 1,116,400 shares through a trust, so the tax-related sale is small relative to his overall exposure. The filing also records that option quantities and exercise prices were adjusted for a 1-for-15 reverse split effective on February 10, 2025, anchoring the reported figures to the post-split capital structure.

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^*

JACOBS PAUL E

(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)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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	03/19/2026		M		4,444(1)	A	$28.05(1)	65,524	D
Voting Common Stock	03/19/2026		M		2,222(1)	A	$32.85(1)	67,746	D
Voting Common Stock	03/19/2026		S(2)		1	D	$59.5816	67,745	D
Voting Common Stock	03/19/2026		S(2)		713	D	$59.56	67,032	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)	$28.05	03/19/2026		M			4,444	01/02/2025	01/02/2034	Voting Common Stock	4,444	$0	2,222	D
Stock Option (Right to Buy)	$32.85	03/19/2026		M			2,222	01/06/2026	01/06/2035	Voting Common Stock	2,222	$0	4,444	D

Explanation of Responses:

1. The number of shares of stock options and exercise prices reported in this Form 4 have been adjusted to reflect the Issuer's 1 for 15 reverse stock split effected on February 10, 2025.

2. Shares sold in accordance with a mandatory sell-to-cover program maintained by the registrant to cover additional taxes due upon the vesting of a restricted stock award granted 3/10/2026.

Remarks:

	Kelly C. Simoneaux, attorney-in-fact for Paul E. Jacobs	03/19/2026
	** 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) CEO Paul E. Jacobs report in this Form 4?

Paul E. Jacobs reported exercising stock options for 6,666 Globalstar shares and selling 714 shares. The sales were under a mandatory sell-to-cover program to pay taxes on a restricted stock award vesting, while his overall direct and indirect share ownership remains substantial.

How many Globalstar (GSAT) options did the CEO exercise and at what prices?

The CEO exercised options covering 6,666 Globalstar shares. This includes 4,444 shares at an exercise price of $28.05 and 2,222 shares at $32.85. These option figures and exercise prices were adjusted to reflect a 1-for-15 reverse stock split effective February 10, 2025.

How many Globalstar (GSAT) shares did the CEO sell and why?

He sold 714 Globalstar Voting Common shares at about $59.56–$59.58 per share. A footnote states these were executed under a mandatory sell-to-cover program designed to cover additional taxes due when a restricted stock award granted March 10, 2026 vested.

What are Paul E. Jacobs’s total Globalstar (GSAT) holdings after these transactions?

After the reported transactions, Paul E. Jacobs directly owns 67,032 Globalstar Voting Common shares. He also indirectly holds 1,116,400 shares through a trust. This shows that the 714 shares sold to cover taxes are small compared with his total economic exposure to Globalstar.

Were Globalstar (GSAT) CEO share sales discretionary or tax-related?

The filing describes the 714 Globalstar shares sold as part of a mandatory sell-to-cover program. This means the sales were structured to pay additional taxes due on a restricted stock award vesting, rather than representing a purely discretionary reduction of the CEO’s stock position.

How did Globalstar’s reverse stock split affect the CEO’s reported option data?

A footnote explains that option share counts and exercise prices were adjusted for a 1-for-15 reverse stock split effective February 10, 2025. This means the reported 6,666 option shares and the exercise prices of $28.05 and $32.85 reflect the post-split capital structure.