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Globalstar (GSAT) director Lynch reports new restricted stock and options

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(Neutral)
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(Neutral)
Form Type
4

Rhea-AI Filing Summary

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.

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Insider Lynch James F
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 --
holding Voting Common Stock -- -- --
Holdings After Transaction: Stock Option (Right to Buy) — 6,666 shares (Direct); Voting Common Stock — 57,879 shares (Direct); Voting Common Stock — 822,714 shares (Indirect, By Thermo Investments II LLC)
Footnotes (1)
  1. Represents an award of restricted stock under the Issuer's Equity Incentive Plan. The awarded shares vest on January 5, 2027. The number of shares of voting common stock reported in this Form 4 have been adjusted to reflect the Issuer's 1 for 15 reverse stock spilt effected on February 10, 2025. 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*
Lynch James F
(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 780(1) A $0 57,879(2) D
Voting Common Stock 822,714(2) I By Thermo Investments II LLC
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(3) 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. The number of shares of voting common stock reported in this Form 4 have been adjusted to reflect the Issuer's 1 for 15 reverse stock spilt effected on February 10, 2025.
3. 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 James F. Lynch 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 insider activity did Globalstar (GSAT) report for James F. Lynch?

The report shows that director James F. Lynch received 780 restricted shares of Globalstar voting common stock and 6,666 stock options on January 5, 2026, and it updates his direct and indirect shareholdings.

How many Globalstar (GSAT) restricted shares were granted to James F. Lynch and when do they vest?

Lynch received an award of 780 shares of restricted voting common stock under Globalstar’s Equity Incentive Plan. These shares vest on January 5, 2027.

What are the terms of the stock options granted to James F. Lynch by Globalstar (GSAT)?

He was granted 6,666 stock options with an exercise price of $64.08. The options vest in one-third annual increments on January 5, 2027, 2028 and 2029 and have an expiration date of January 5, 2036.

What is James F. Lynch’s total direct ownership of Globalstar (GSAT) shares after these transactions?

After the reported grants, Lynch directly owns 57,879 shares of voting common stock and 6,666 stock options in Globalstar.

What indirect Globalstar (GSAT) holdings are reported for James F. Lynch?

The filing reports that Lynch indirectly owns 822,714 shares of voting common stock through Thermo Investments II LLC, noted as indirect beneficial ownership.

How did Globalstar’s reverse stock split affect the share counts in this Form 4?

The number of voting common shares in the report has been adjusted to reflect Globalstar’s 1-for-15 reverse stock split that was effected on February 10, 2025.