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Globalstar (GSAT) director receives restricted stock and 6,666 option grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Globalstar, Inc. director Benjamin G. Wolff reported new equity awards. On January 5, 2026, he received 780 shares of voting common stock as restricted stock under the company’s equity incentive plan, bringing his directly held common stock to 57,494 shares. These restricted shares vest on January 5, 2027.

He was also granted 6,666 stock options with an exercise price of $64.08 per share, expiring on January 5, 2036. The options vest in three equal annual installments on January 5, 2027, 2028, and 2029. After this grant, he directly holds 6,666 stock options in addition to his common shares.

Positive

  • None.

Negative

  • None.

Insights

Director received time-vested restricted stock and stock options as routine equity compensation.

Benjamin G. Wolff, a director of Globalstar, Inc., reported standard equity awards rather than open-market trades. He was granted 780 restricted shares of voting common stock and 6,666 stock options under the company’s equity incentive plan on January 5, 2026.

The restricted stock vests fully on January 5, 2027, while the options vest in one-third increments on January 5, 2027, January 5, 2028, and January 5, 2029, aligning his compensation with longer-term performance. The options have a stated exercise price of $64.08 and expire on January 5, 2036, giving a long window for potential exercise.

Following these grants, he directly holds 57,494 common shares and 6,666 options. The filing reflects customary director equity incentives rather than a change in ownership through buying or selling in the market.

Insider Wolff Benjamin G
Role Director
Type Security Shares Price Value
Grant/Award Stock Option (Right to Buy) 6,666 $0.00 --
Grant/Award Voting Common Stock 780 $0.00 --
Holdings After Transaction: Stock Option (Right to Buy) — 6,666 shares (Direct); Voting Common Stock — 57,494 shares (Direct)
Footnotes (1)
  1. Represents an award of restricted stock under the Issuer's Equity Incentive Plan. The awarded shares vest on January 5, 2027. Represents an award of stock options under the Issuer's Equity Incentive Plan. The options vest in one-third annual increments on each of January 5, 2027, 2028 and 2029.
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).
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*
Wolff Benjamin G
(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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026
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 01/05/2026 A(1) 780 A $0 57,494 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
Stock Option (Right to Buy) $64.08 01/05/2026 A 6,666 01/05/2027(2) 01/05/2036 Voting Common Stock 6,666 $0 6,666 D
Explanation of Responses:
1. Represents an award of restricted stock under the Issuer's Equity Incentive Plan. The awarded shares vest on January 5, 2027.
2. Represents an award of stock options under the Issuer's Equity Incentive Plan. The options vest in one-third annual increments on each of January 5, 2027, 2028 and 2029.
Remarks:
Kelly C. Simoneaux, attorney-in-fact for Benjamin G. Wolff 01/07/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did Globalstar (GSAT) director Benjamin G. Wolff report?

Benjamin G. Wolff reported an award of 780 shares of voting common stock as restricted stock and 6,666 stock options under Globalstar’s equity incentive plan.

When do Benjamin G. Wolff’s new Globalstar restricted shares vest?

The 780 restricted shares of Globalstar voting common stock awarded to Benjamin G. Wolff vest on January 5, 2027.

How do Benjamin G. Wolff’s new Globalstar stock options vest?

The 6,666 stock options vest in one-third annual installments on January 5, 2027, January 5, 2028, and January 5, 2029, subject to the plan terms.

What is the exercise price and expiration date of Benjamin G. Wolff’s Globalstar options?

The stock options have an exercise price of $64.08 per share and expire on January 5, 2036, according to the reported terms.

How many Globalstar shares does Benjamin G. Wolff own after these awards?

After the reported transaction, Benjamin G. Wolff directly owns 57,494 shares of Globalstar voting common stock and 6,666 stock options.

Is Benjamin G. Wolff considered an officer or a director of Globalstar (GSAT)?

In this report, Benjamin G. Wolff is identified as a director of Globalstar and is not listed as an officer or 10% owner.