Form 4: Globalstar Director James Monroe III Acquires Additional Shares
SEC Form 4 Filing
James Monroe III, a director and 10% owner of Globalstar, Inc., purchased 25,000 shares of voting common stock on March 20, 2025, at an average price of $21.8312 per share.
Summary
- On March 20, 2025, James Monroe III, a director and 10% owner of Globalstar, Inc., acquired 25,000 shares of Globalstar's voting common stock.
- The shares were purchased at a weighted average price of $21.8312, with individual transactions ranging from $21.5100 to $22.2250 per share.
- Following the transaction, James Monroe III directly owns 45,100 shares and indirectly owns a significant number of shares through various entities.
- These entities include Thermo Properties II, LLC (897,273 shares), Thermo Funding Company (13,142,665 shares), FL Investment Holdings LLC (42,717 shares), Thermo XCOM LLC (580,551 shares), Thermo Funding II LLC (58,708,076 shares), Monroe Irr. Educational Trust (200,000 shares), Thermo Investments Limited Partnership (13,347 shares), Globalstar Satellite L.P. (41,238 shares), and James Monroe III Grantor Trust (1,956 shares).
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a single transaction and doesn't provide a comprehensive view of the company's overall health.
Positives
- A director's purchase of shares can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This filing reflects insider trading activity, which is closely monitored by regulators and investors for insights into management's perspective on the company's value and future performance. It is common for directors and officers to buy or sell shares of their own company, and these transactions are required to be disclosed to the SEC.
Stakeholder Impact
- The purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/20/2025 | Date of transaction: James Monroe III purchased 25,000 shares of Globalstar stock. |
| 03/20/2025 | Date of signature: Kelly C. Simoneaux, attorney-in-fact for James Monroe III, signed the Form 4. |
Keywords
Globalstar, James Monroe III, GSAT, share purchase, director, beneficial ownership, Form 4, Thermo Funding, Thermo Properties
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