PAUL E. JACOBS - 24 Sep 2025 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Chief Executive Officer, Director
Signature
Kelly C. Simoneaux, attorney-in-fact for Paul E. Jacobs
Issuer symbol
GSAT
Transactions as of
24 Sep 2025
Net transactions value
-$1,869,086
Form type
4
Filing time
25 Sep 2025, 17:52:55 UTC
Previous filing
19 May 2025
Next filing
07 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
JACOBS PAUL E Chief Executive Officer, Director 1351 HOLIDAY SQUARE BLVD, COVINGTON Kelly C. Simoneaux, attorney-in-fact for Paul E. Jacobs 25 Sep 2025 0001191310

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Options Exercise $0 +100,000 +808% $0.000000 112,374 24 Sep 2025 Direct F1
transaction GSAT Voting Common Stock Sale $1,869,086 -53,479 -48% $34.95 58,895 25 Sep 2025 Direct F2, F3
holding GSAT Voting Common Stock 1,116,400 24 Sep 2025 By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GSAT Restricted Stock Units Options Exercise $0 -100,000 -3.7% $0.000000 2,594,599 24 Sep 2025 Voting Common Stock 100,000 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of a portion of performance-based restricted stock units ("RSUs") granted on 9/25/2023.
F2 Shares sold to cover taxes due upon the vesting of a performance share award in accordance with a mandatory sell-to-cover program maintained by the registrant.
F3 The shares were sold in multiple transactions at prices ranging from $34.6699 to $35.2601 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.
F4 Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest in tranches upon the Issuer's common stock achieving certain price thresholds based on the 60-day weighted average closing price per share. The number of shares has been adjusted to reflect the Issuer's 1 for 15 reverse stock spilt effected on February 10, 2025.