Welcome to our dedicated page for Globalstar SEC filings (Ticker: GSAT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Globalstar, Inc. filings document the regulatory record for a telecommunications provider built around mobile satellite services, a low Earth orbit satellite constellation, licensed Band 53/n53 spectrum and private wireless technology. Its 8-K filings report operating and financial results, material definitive agreements, capital-structure matters, shareholder voting topics, and regulatory disclosures tied to its satellite and spectrum-based business.
Proxy materials disclose board governance, executive compensation and shareholder meeting matters. The company’s formal reports also provide context on business lines such as XCOM RAN private 5G, satellite IoT capabilities, ground infrastructure expansion and communications services for enterprise, consumer, government and defense markets.
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.
Globalstar, Inc. files its annual report describing a mobile satellite services business built on a low‑Earth‑orbit constellation, ground gateways and licensed spectrum, including Band 53/n53 terrestrial rights in multiple countries. The company serves retail, enterprise, government and wholesale customers, including a major direct‑to‑cellular capacity customer.
For the year ended December 31, 2025, this single customer provided about 63% of total revenue, while Globalstar supported roughly 791,000 MSS subscribers worldwide. The report outlines large capital programs for 17 second‑generation replacement satellites and more than 50 third‑generation C‑3 satellites, multiple launch contracts with SpaceX, and extensive ground‑network expansion across about 35 stations in 25 countries.
Key risks highlighted include dependence on the updated services agreements with its largest customer, potential satellite failures or launch delays, intense competition from other MSS and new direct‑to‑cell providers, significant leverage and funding needs, complex international regulation and spectrum licensing, and operational exposure to cyber, environmental and geopolitical disruptions.
Globalstar, Inc. reported strong growth for the year ended December 31, 2025, with total revenue reaching a record $273.0 million, up 9% from 2024. Full-year Adjusted EBITDA was $136.1 million, delivering a 50% margin as the company scaled its satellite and private wireless businesses.
For the fourth quarter of 2025, revenue was $72.0 million, including $67.4 million of service revenue and $4.6 million of subscriber equipment sales. Quarterly net loss narrowed sharply to $11.6 million from $50.2 million a year earlier, and Adjusted EBITDA rose to $32.4 million. Liquidity remained strong with $447.5 million of cash and cash equivalents as of December 31, 2025.
A holder of Globalstar (GSAT) common stock has filed a notice of proposed sale under Rule 144. The notice covers 845 shares of common stock, to be sold through broker Muriel Siebert & Co on or about 01/07/2026 on the Nasdaq market. The filing states that these 845 shares were acquired on 01/06/2026 from the issuer through restricted stock vesting, treated as compensation. For context, the filing notes that there were 126,838,414 shares of this class outstanding at the time of the notice.
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.
Globalstar director Keith O. Cowan reported new equity awards from the company. On January 5, 2026, he received 780 shares of Voting Common Stock as restricted stock under Globalstar’s Equity Incentive Plan at a price of $0 per share. These restricted shares are scheduled to vest on January 5, 2027.
On the same date, he was also granted stock options for 6,666 shares of Voting Common Stock with an exercise price of $64.08 per share. These options vest in three equal annual installments on January 5 of 2027, 2028, and 2029, and are exercisable until January 5, 2036. Following these transactions, Cowan directly held 58,413 shares of Voting Common Stock and 6,666 stock options.
Globalstar director William A. Hasler reported new equity awards. On January 5, 2026, he received 780 shares of voting common stock as restricted stock under Globalstar’s equity incentive plan, which vest on January 5, 2027.
He was also granted stock options for 6,666 shares of voting common stock at an exercise price of $64.08 per share. These options vest in one-third annual installments on January 5 of 2027, 2028, and 2029. Following these awards, he directly owns 62,213 shares of common stock and 6,666 stock options.
Globalstar, Inc. insider filing shows new equity awards for Chief Executive Officer and director Paul E. Jacobs. On January 5, 2026, he received 780 shares of restricted voting common stock under the company’s equity incentive plan, which will vest on January 5, 2027. After this award, his directly held voting common stock increased to 59,675 shares.
The filing also reports a grant of stock options for 6,666 shares of voting common stock at an exercise price of $64.08, granted on January 5, 2026. These options vest in one‑third annual installments on January 5, 2027, 2028 and 2029 and expire on January 5, 2036, leaving 6,666 options beneficially owned directly. In addition, the report lists indirect beneficial ownership of 1,116,400 voting common shares held by a trust.
Globalstar director James F. Lynch reported new equity awards and updated holdings. On January 5, 2026, he received an award of 780 shares of voting common stock as restricted stock under Globalstar’s Equity Incentive Plan, with these shares vesting on January 5, 2027. The filing also reports a grant of 6,666 stock options with an exercise price of $64.08, which vest in one-third annual increments on January 5, 2027, 2028 and 2029 and expire on January 5, 2036.
After these transactions, Lynch directly holds 57,879 shares of voting common stock and 6,666 stock options, and indirectly holds 822,714 shares of voting common stock through Thermo Investments II LLC. All share counts in this report reflect Globalstar’s 1-for-15 reverse stock split that took effect on February 10, 2025.