Form 4: Globalstar CFO Sells Shares for Tax Obligations

Globalstar's VP & Chief Financial Officer, Rebecca Clary, sold 1,260 shares of common stock on December 29, 2025, to cover tax obligations from a restricted stock award.

Summary

• Rebecca Clary, Globalstar's VP & Chief Financial Officer, reported a transaction on December 29, 2025.
• She sold 1,260 shares of Globalstar Voting Common Stock.
• The shares were sold at a volume-weighted average price of $61.4246 per share.
• The total value of shares sold is approximately $77,394.96 (1,260 shares * $61.4246/share).
• The sale was executed under a mandatory "sell-to-cover" program to satisfy tax liabilities arising from the partial vesting of a restricted stock award granted on December 27, 2024.
• Following this transaction, Rebecca Clary beneficially owns 108,123 shares of Globalstar Voting Common Stock directly.

Sentiment

Score: 6

Explanation: The transaction is a mandatory sale to cover tax obligations from a restricted stock award vesting, which is a neutral to slightly positive event (as the award vested). It is not a discretionary sale indicating a lack of confidence.

Positives

• The underlying event for the sale is the vesting of a restricted stock award, which indicates compensation for the executive.

Negatives

• A reduction in direct insider ownership by 1,260 shares.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This Form 4 filing reports a routine insider transaction related to executive compensation and tax obligations, which does not provide broader industry context or trends.

Comparison to Industry Standards

• This filing details a standard "sell-to-cover" transaction, a common practice in executive compensation plans across various industries to manage tax liabilities upon the vesting of restricted stock awards. No specific comparable companies or projects are mentioned in the filing.

Stakeholder Impact

• Minimal impact on shareholders, as this is a routine, non-discretionary insider sale for tax purposes, common in executive compensation. It does not signal a change in company fundamentals or management's outlook.

Key Dates

Keywords

Globalstar, GSAT, Form 4, insider transaction, stock sale, executive compensation, restricted stock unit, RSU, tax obligation, officer, CFO