Globalstar (GSAT) CEO receives stock bonus, then sells shares to pay taxes

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Globalstar, Inc. Chief Executive Officer Paul E. Jacobs reported both an equity grant and a small share sale. On March 10, 2026, he received 3,403 shares of Voting Common Stock as an award of restricted stock in partial payment of his 2025 annual bonus, and these shares vested immediately upon grant.

On March 11, 2026, Jacobs sold 1,153 shares of Voting Common Stock in open-market transactions at a volume-weighted average price of $57.3077 per share, with individual trade prices ranging from $57.1300 to $57.6600 per share. The sale was made to cover taxes due upon the vesting of the restricted stock. Following the sale, he held 61,080 shares directly, and an additional 1,116,400 shares were held indirectly by a trust.

Insider Trade Summary

Net Seller: 1,153 shares ($66,076)

Net Sell 3 txns

Insider JACOBS PAUL E

Role Chief Executive Officer

Sold 1,153 shs ($66K)

Type	Security	Shares	Price	Value
Sale	Voting Common Stock	1,153	$57.3077	$66K
Grant/Award	Voting Common Stock	3,403	$0.00	--
holding	Voting Common Stock	--	--	--

Holdings After Transaction: Voting Common Stock — 61,080 shares (Direct); Voting Common Stock — 1,116,400 shares (Indirect, By Trust)

Footnotes (1)

Award of Restricted Stock in partial payment of annual bonus for 2025, which shares vested immediately upon the grant. Shares sold to cover taxes due upon the vesting of restricted stock The shares were sold in multiple transactions at prices ranging from $57.1300 to $57.6600 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.

Form 4 Insider Transactions: What Each Field Means →

03/12/2026 - 04:54 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

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^*

JACOBS PAUL E

(Last)

(First)

(Middle)

1351 HOLIDAY SQUARE BLVD

(Street)

COVINGTON

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)
03/10/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Voting Common Stock	03/10/2026		A⁽¹⁾		3,403	A	$0	62,233	D
Voting Common Stock	03/11/2026		S⁽²⁾		1,153	D	$57.3077⁽³⁾	61,080	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Award of Restricted Stock in partial payment of annual bonus for 2025, which shares vested immediately upon the grant.

2. Shares sold to cover taxes due upon the vesting of restricted stock

3. The shares were sold in multiple transactions at prices ranging from $57.1300 to $57.6600 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.

Remarks:

	Kelly C. Simoneaux, attorney-in-fact for Paul E. Jacobs	03/12/2026
	** 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 transactions did Globalstar (GSAT) CEO Paul Jacobs report?

Paul E. Jacobs reported receiving 3,403 shares of restricted Globalstar Voting Common Stock as part of his 2025 bonus, which vested immediately. He then sold 1,153 shares in open-market transactions, primarily to cover tax obligations arising from that vesting event.

How many Globalstar (GSAT) shares did the CEO sell and at what price?

Paul E. Jacobs sold 1,153 shares of Globalstar Voting Common Stock at a volume-weighted average price of $57.3077 per share. Individual trades occurred between $57.1300 and $57.6600 per share in multiple open-market transactions disclosed in the filing.

Why did the Globalstar (GSAT) CEO sell 1,153 shares after his stock award?

The filing explains that Paul E. Jacobs sold 1,153 Globalstar shares to cover taxes due upon the vesting of restricted stock granted as part of his 2025 annual bonus. This type of tax-related sale is typically a routine administrative transaction for equity compensation.

What stock award did the Globalstar (GSAT) CEO receive in March 2026?

On March 10, 2026, Paul E. Jacobs received an award of 3,403 shares of Globalstar Voting Common Stock as restricted stock. The award was granted in partial payment of his 2025 annual bonus, and all the awarded shares vested immediately on the grant date.

How many Globalstar (GSAT) shares does the CEO hold after these transactions?

After the reported transactions, Paul E. Jacobs directly held 61,080 shares of Globalstar Voting Common Stock. In addition, 1,116,400 shares were reported as held indirectly by a trust, reflecting a substantial overall equity interest associated with the CEO.

Were the Globalstar (GSAT) CEO’s March 11, 2026 trades a single transaction?

The filing notes that Paul E. Jacobs’ 1,153-share sale on March 11, 2026 occurred in multiple transactions. These trades were executed at prices ranging from $57.1300 to $57.6600 per share, with a reported volume-weighted average price of $57.3077.