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. General Counsel Ponder L. Barbee IV reported an open-market sale of 492 shares of Voting Common Stock at $55.3812 per share. According to the notes, this was a mandatory sell-to-cover transaction to pay taxes due on the partial vesting of a restricted stock award granted on 3/7/2025, rather than a discretionary sale. After the sale, he directly holds 142,635 shares of Globalstar stock. The reported total holdings were also adjusted to correct prior record-keeping errors related to earlier tax-cover sales between 2019 and 2021.
Globalstar, Inc. reported that its VP & Chief Financial Officer, Rebecca Clary, executed a small tax-related share sale. She sold 351 shares of Voting Common Stock at $55.3812 per share under a mandatory sell-to-cover program used to pay taxes on a partially vested restricted stock award granted on March 7, 2025. After this transaction, she continues to hold 109,459 shares directly.
Muriel Seibert & Co. submitted a Form 144 reporting an intended sale of 351 shares of Common Stock related to restricted stock vesting to be sold on 03/10/2026 as compensation. The filing also lists recent open-market sales by Rebecca S. Clary: 1,221 shares on 12/08/2025 and 4,829 shares on 12/17/2025 (dollar amounts shown in the excerpt).
GSAT Form 144 notice: The filing reports a proposed disposition of 492 shares of Common Stock tied to restricted stock vesting, with an intended sale date of 03/10/2026. The filing also lists three prior open-market dispositions by L. Barbee Ponder IV on 12/08/2025 (1,221 shares), 12/22/2025 (420 shares), and 12/29/2025 (1,260 shares), with the reported proceeds for those transactions shown in the excerpt.
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.