Globalstar (GSAT) CEO Paul Jacobs sells 845 shares for tax withholding

Rhea-AI Filing Summary

Globalstar CEO and director Paul E. Jacobs reported a small insider sale of company stock. On 01/07/2026, he sold 845 shares of Globalstar voting common stock at a price of $65.8 per share.

According to the footnote, the shares were sold to cover taxes due upon the vesting of restricted stock granted on January 6, 2025, under a mandatory sell-to-cover program maintained by the company. After this transaction, Jacobs beneficially owns 58,830 shares directly and 1,116,400 shares indirectly through a trust.

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

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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 LA 70433

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	01/07/2026		S(1)		845	D	$65.8	58,830	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

Explanation of Responses:

1. Shares sold to cover taxes due upon the vesting of restricted stock granted January 6, 2025 in accordance with the mandatory sell-to-cover program maintained by the issuer.

Remarks:

	Kelly C. Simoneaux, attorney-in-fact for Paul E. Jacobs	01/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Globalstar (GSAT) report for Paul E. Jacobs?

Globalstar disclosed that Chief Executive Officer and director Paul E. Jacobs sold 845 shares of voting common stock in a reported transaction dated 01/07/2026.

At what price did Paul E. Jacobs sell Globalstar shares?

The filing shows that the 845 shares of Globalstar voting common stock were sold at a price of $65.8 per share.

Why were the Globalstar shares sold by Paul E. Jacobs?

The footnote explains that the shares were sold to cover taxes due upon the vesting of restricted stock granted on January 6, 2025, under a mandatory sell-to-cover program maintained by the company.

How many Globalstar shares does Paul E. Jacobs own after the reported sale?

After the transaction, Paul E. Jacobs beneficially owns 58,830 shares of Globalstar voting common stock directly and 1,116,400 shares indirectly through a trust.

What does the indirect ownership "By Trust" mean in the Globalstar Form 4?

The Form 4 states that 1,116,400 shares of Globalstar voting common stock are held indirectly "By Trust", indicating that these shares are owned through a trust rather than in Jacobs' direct name.

What role does Paul E. Jacobs hold at Globalstar?

The filing identifies Paul E. Jacobs as both a Director and the Chief Executive Officer of Globalstar, Inc.