STOCK TITAN

Globalstar (NASDAQ: GSAT) CFO sells 24,100 shares at $82

(Very High)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Globalstar, Inc. executive Rebecca Clary, VP & Chief Financial Officer, reported a sale of 24,100 shares of Voting Common Stock on 2026-08-14 in open-market or private transactions at a volume weighted average price of $82.1723 per share, with actual prices ranging from $82.0000 to $82.7000 per share. Following these transactions, she directly holds 96,540 shares, which include 362 shares acquired under the company’s Employee Stock Purchase Plan on 2026-06-14.

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Insider Clary Rebecca
Role VP & Chief Financial Officer
Sold 24,100 shs ($1.98M)
Type Security Shares Price Value
Sale Voting Common Stock F1, F2 24,100 $82.1723 $1.98M
Holdings After Transaction: Voting Common Stock — 96,540 shares (Direct)
Footnotes (2)
  1. F1. The shares were sold in multiple transactions at prices ranging from $82.0000 to $82.7000 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. Includes 362 shares acquired under the registrant's Employee Stock Purchase Plan on June 14, 2026.
Shares sold 24,100 shares Voting Common Stock sold on 2026-08-14
Volume weighted average price $82.1723 per share Average sale price for 24,100 shares on 2026-08-14
Sale price range $82.0000–$82.7000 per share Range of prices for multiple sale transactions on 2026-08-14
Shares held after transaction 96,540 shares Direct holdings of Rebecca Clary following the 2026-08-14 sale
ESPP shares included 362 shares Shares acquired under Employee Stock Purchase Plan on 2026-06-14, included in post-transaction holdings
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.
Employee Stock Purchase Plan financial
"Includes 362 shares acquired under the registrant's Employee Stock Purchase Plan on June 14, 2026."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Voting Common Stock financial
"security_title: "Voting Common Stock""

FAQ

What insider transaction did Globalstar (GSAT) report for Rebecca Clary?

Globalstar (GSAT) reported that Rebecca Clary, its VP & CFO, sold 24,100 shares of Voting Common Stock on 2026-08-14. The sale occurred in open-market or private transactions at a volume weighted average price of $82.1723 per share.

At what price did Rebecca Clary sell Globalstar (GSAT) shares?

Rebecca Clary’s Globalstar (GSAT) shares were sold at a volume weighted average price of $82.1723 per share. The transactions occurred at individual prices ranging from $82.0000 to $82.7000 per share, with the weighted average reported in the Form 4 footnote.

How many Globalstar (GSAT) shares does Rebecca Clary hold after the reported sale?

After the reported sale, Rebecca Clary directly holds 96,540 Globalstar (GSAT) shares. This post-transaction amount includes 362 shares that were acquired under Globalstar’s Employee Stock Purchase Plan on 2026-06-14, as disclosed in the Form 4 footnote.

What share range was involved in Rebecca Clary’s Globalstar (GSAT) stock sale?

The Globalstar (GSAT) shares sold by Rebecca Clary traded in a price range of $82.0000 to $82.7000 per share. The Form 4 notes multiple transactions within this range, with the volume weighted average price of $82.1723 per share reported for disclosure.

Did the Form 4 note any plan-based acquisitions for Globalstar (GSAT) shares by Rebecca Clary?

Yes. The Form 4 states that Rebecca Clary’s holdings include 362 shares of Globalstar (GSAT) acquired under the registrant’s Employee Stock Purchase Plan on 2026-06-14. These plan-acquired shares are part of her total 96,540 shares held after the sale.

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Learn about SEC filing dates
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*
Clary Rebecca

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
VP & Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026
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 Stock08/14/2026S24,100D$82.1723(1)96,540(2)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)
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 $82.0000 to $82.7000 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. Includes 362 shares acquired under the registrant's Employee Stock Purchase Plan on June 14, 2026.
Remarks:
Kelly C. Simoneaux, attorney-in-fact for Rebecca Clary08/17/2026
** 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)