[Form 4] Globalstar, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Paul E. Jacobs, Globalstar, Inc. director and Chief Executive Officer, reported transactions in the company's common stock. A tranche of 100,000 performance-based RSUs granted on 9/25/2023 vested on 09/24/2025 and converted into 100,000 shares at no purchase price. Following vesting, the reporting person beneficially owned 112,374 shares directly, and held 1,116,400 shares indirectly53,479 shares were sold under a mandatory sell-to-cover program to satisfy taxes, at a volume-weighted average price of $34.9499 per share (individual sale prices ranged $34.6699–$35.2601). After the sale, direct beneficial ownership reported was 58,895 shares. The filing notes the company effected a 1-for-15 reverse stock split on February 10, 2025, and the form was signed by an attorney-in-fact on 09/25/2025.

Positive

• 100,000 performance-based RSUs vested, converting contingent compensation into common shares
• Transparent disclosure of sale prices (VWAP $34.9499 and range $34.6699–$35.2601)
• Significant indirect holding remains: 1,116,400 shares held by trust

Negative

• Direct beneficial ownership declined from 112,374 to 58,895 shares after the sell-to-cover disposition
• Sale of 53,479 shares reduced the reporting person's immediately available holdings

Insights

Financial Analyst

TL;DR: Insider realized compensation via RSU vesting and sold shares to cover taxes; overall indirect holding remains substantial.

The 100,000 performance-based RSUs vesting converts contingent compensation into common shares, crystallizing value for the CEO. The subsequent sale of 53,479 shares was a mandatory sell-to-cover for tax obligations and was executed at a VWAP of $34.9499, with transaction prices between $34.6699 and $35.2601. Direct ownership fell from 112,374 to 58,895 shares while the filing discloses a material indirect stake of 1,116,400 shares held by trust. These disclosures are routine for executive compensation events and do not alone indicate a change in strategic ownership or control.

Corporate Governance Expert

TL;DR: Filing documents standard vesting and mandatory sell-to-cover; disclosure and use of attorney-in-fact are properly noted.

The report clearly identifies the reporter as both Director and CEO and documents vesting conditions tied to performance-based RSUs granted in 2023. The use of a mandatory sell-to-cover program is disclosed and the reporting includes the VWAP and price range for the dispositions, meeting disclosure expectations. The signature by an attorney-in-fact is noted with date. No governance or control changes are reflected beyond routine compensation settlement.

09/25/2025 - 05:52 PM

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

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OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

JACOBS PAUL E

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2025

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	09/24/2025		M(1)		100,000	A	$0	112,374	D
Voting Common Stock	09/25/2025		S(2)		53,479	D	$34.9499(3)	58,895	D
Voting Common Stock								1,116,400	I	By Trust

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
Restricted Stock Units	(1)	09/24/2025		M(1)			100,000	(4)	(4)	Voting Common Stock	100,000	$0	2,594,599	D

Explanation of Responses:

1. Vesting of a portion of performance-based restricted stock units ("RSUs") granted on 9/25/2023.

2. Shares sold to cover taxes due upon the vesting of a performance share award in accordance with a mandatory sell-to-cover program maintained by the registrant.

3. The shares were sold in multiple transactions at prices ranging from $34.6699 to $35.2601 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.

4. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest in tranches upon the Issuer's common stock achieving certain price thresholds based on the 60-day weighted average closing price per share. The number of shares has been adjusted to reflect the Issuer's 1 for 15 reverse stock spilt effected on February 10, 2025.

Remarks:

	Kelly C. Simoneaux, attorney-in-fact for Paul E. Jacobs	09/25/2025
	** 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.
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FAQ

What transactions did GSAT insider Paul E. Jacobs report on Form 4?

The filing reports 100,000 RSUs vested on 09/24/2025 and a subsequent sale of 53,479 shares on 09/25/2025 to cover taxes.

At what price were the GSAT shares sold in the reported transaction?

The shares were sold at a volume-weighted average price of $34.9499 per share, with individual prices ranging from $34.6699 to $35.2601.

How many GSAT shares does Paul E. Jacobs beneficially own after the transactions?

After the transactions the reporting person disclosed 58,895 shares owned directly and 1,116,400 shares owned indirectly by trust.

Why were some GSAT shares sold immediately after vesting?

The filing states the sale of shares was part of a mandatory sell-to-cover program to satisfy taxes due upon vesting.

Were the RSUs subject to any special vesting conditions for GSAT?

Yes, the RSUs were performance-based and vest in tranches when the company's stock reaches specified 60-day weighted average price thresholds; the award was granted on 9/25/2023.