Globalstar (GSAT) CFO Clary sells 1,210 shares under 10b5-1 plan

Rhea-AI Filing Summary

Globalstar, Inc. VP & Chief Financial Officer Rebecca Clary reported an open-market sale of Voting Common Stock. She sold 1,210 shares on March 3, 2026 at a price of $61.095 per share, and held 109,810 shares directly after the transaction.

The sale was made under a pre-established Rule 10b5-1 trading plan adopted by Clary on June 26, 2025. The reported post-transaction total also reflects adjustments for prior record-keeping errors related to shares previously reported as sold to cover taxes on equity award vestings between 2019 and 2021.

Insider Trade Summary

Net Seller: 1,210 shares ($73,925)

Net Sell 1 txn

Insider Clary Rebecca

Role VP & Chief Financial Officer

Sold 1,210 shs ($74K)

Type	Security	Shares	Price	Value
Sale	Voting Common Stock	1,210	$61.095	$74K

Holdings After Transaction: Voting Common Stock — 109,810 shares (Direct)

Footnotes (1)

1. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 2025. Total has been adjusted to account for record keeping errors that occurred resulting in an incorrect number of shares reported as sold to cover taxes on one or more equity award vestings during the period between 2019 and 2021.

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Form 4 Insider Transactions: What Each Field Means →

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).

X

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 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & Chief Financial Officer

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

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	03/03/2026		S(1)		1,210	D	$61.095	109,810(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 2025.

2. Total has been adjusted to account for record keeping errors that occurred resulting in an incorrect number of shares reported as sold to cover taxes on one or more equity award vestings during the period between 2019 and 2021.

Remarks:

	Kelly C. Simoneaux, attorney-in-fact for Rebecca Clary	03/03/2026
	** 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.

FAQ

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

Globalstar reported that VP & Chief Financial Officer Rebecca Clary sold 1,210 shares of Voting Common Stock. The open-market sale occurred on March 3, 2026 at a price of $61.095 per share, as shown in the Form 4 filing.

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

After the reported transaction, Rebecca Clary directly holds 109,810 shares of Globalstar Voting Common Stock. This post-transaction amount includes adjustments for earlier record-keeping errors related to tax-cover sales of equity award vesting shares between 2019 and 2021.

Was the Globalstar (GSAT) insider sale by Rebecca Clary under a 10b5-1 plan?

Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted by Rebecca Clary on June 26, 2025. Such plans pre-schedule trades, helping insiders diversify holdings while following securities regulations and internal policies.

What price did Rebecca Clary receive for her Globalstar (GSAT) share sale?

Rebecca Clary’s Form 4 reports an open-market sale price of $61.095 per Globalstar Voting Common share. She sold a total of 1,210 shares in this transaction, resulting in gross proceeds based on that reported per-share sale price.

Did Globalstar (GSAT) disclose any adjustments to Rebecca Clary’s historical share totals?

Yes. The filing explains that the total shares reported after the transaction were adjusted for record-keeping errors. These errors affected the number of shares previously reported as sold to cover taxes on equity award vestings between 2019 and 2021.

What role does Rebecca Clary hold at Globalstar (GSAT)?

Rebecca Clary serves as Globalstar’s Vice President and Chief Financial Officer. As an executive officer, her equity transactions in Globalstar stock must be reported on Form 4, detailing the nature, size, and timing of each insider trade.