Form 4: Globalstar CFO Clary Reports Routine Stock Transactions

Globalstar's VP & Chief Financial Officer, Rebecca Clary, reported the acquisition of shares from a performance award vesting and subsequent sale of shares to cover tax obligations.

Summary

• Rebecca Clary, VP & Chief Financial Officer of Globalstar, Inc., acquired 9,524 shares of Voting Common Stock on November 28, 2025, at a price of $0.
• These shares were earned upon the vesting of a portion of a performance share award granted on March 27, 2025.
• Clary subsequently sold 4,380 shares of Voting Common Stock on December 1, 2025, at a volume-weighted average price of $59.9169 per share.
• The sale was conducted to cover taxes due upon the vesting of the performance share award, in accordance with the registrant's mandatory sell-to-cover program.
• Following these transactions, Clary beneficially owns 103,518 shares of Voting Common Stock.

Sentiment

Score: 6

Explanation: The filing reports routine insider transactions related to executive compensation, specifically the vesting of performance shares and a subsequent sell-to-cover for tax purposes. This is a standard event and does not indicate significant positive or negative operational news.

Positives

• The vesting of 9,524 shares from a performance award indicates the achievement of performance metrics by the VP & Chief Financial Officer, aligning management incentives with company performance.

Negatives

• The sale of 4,380 shares, even for tax purposes, slightly reduces the direct beneficial ownership of the VP & Chief Financial Officer.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This insider transaction report is specific to Globalstar and its executive compensation practices, and does not directly relate to broader industry trends or competitor activities.

Stakeholder Impact

• Shareholders: The transactions represent routine executive compensation and tax-related sales, which are generally not considered to have a significant direct impact on the broader shareholder base.
• Management: The VP & Chief Financial Officer received compensation through vested shares, aligning her interests with the company's performance.

Key Dates

Recommendation

This Form 4 details routine insider transactions for executive compensation, specifically the vesting of performance shares and a subsequent sale to cover tax obligations. Such transactions are standard and do not provide new fundamental information about the company's operational performance or future prospects that would warrant a change in investment recommendation.

Keywords

Globalstar, GSAT, Form 4, insider transaction, Rebecca Clary, CFO, performance award, share vesting, sell-to-cover