Form 4: Globalstar CFO Sells Shares Under 10b5-1 Plan

Globalstar's VP & CFO, Rebecca Clary, sold 17,504 shares of common stock in November 2025, primarily for tax obligations and under a pre-arranged trading plan.

Summary

• Rebecca Clary, VP & Chief Financial Officer of Globalstar, Inc. (GSAT), reported two sales of Voting Common Stock in November 2025.
• On November 14, 2025, 1,188 shares were sold at a price of $60.84 per share, pursuant to a Rule 10b5-1 trading plan adopted on June 26, 2025.
• On November 17, 2025, 16,316 shares were sold at a volume-weighted average price of $58.3243 per share, with individual transaction prices ranging from $57.66 to $58.85.
• This second sale was conducted to cover taxes due upon the vesting of a 3-year restricted stock award, originally reported on November 18, 2022, as part of the registrant's mandatory sell-to-cover program.
• Following these transactions, Rebecca Clary beneficially owns 98,374 shares of Globalstar Voting Common Stock.

Sentiment

Score: 5

Explanation: The filing reports insider stock sales, which can be perceived negatively. However, the sales are largely explained by a pre-arranged 10b5-1 trading plan and mandatory tax-related selling upon restricted stock vesting, which mitigates the negative sentiment. This makes the filing largely neutral in its implications for company performance.

Positives

• The sales were executed under a Rule 10b5-1 trading plan, indicating pre-scheduled transactions rather than discretionary selling based on new, non-public information.
• A significant portion of the sales was for tax obligations related to the vesting of restricted stock, which is a common and often mandatory practice for executives.

Negatives

• Insider selling, even for explained reasons, can sometimes be perceived by the market as a slight negative signal, though the impact is mitigated by the context provided.

Risks

• While not a direct risk from this specific filing, a pattern of significant insider selling without clear, mitigating explanations could potentially signal a lack of confidence in the company's future prospects. However, this filing provides such explanations.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May observe insider selling, but the explanations (10b5-1 plan, tax-related) suggest these are routine and not indicative of a lack of confidence in the company's future. The total shares sold represent a small fraction of the reporting person's holdings.

Key Dates

Keywords

Globalstar, GSAT, Form 4, insider trading, stock sale, executive compensation, 10b5-1 plan