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
Transactions value $
-$1,869,086
Form type
4
Filing time
25 Sep 2025, 17:52:55 UTC
Previous filing
19 May 2025
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 +100K +808.15% $0.00 112K 24 Sep 2025 Direct F1
transaction GSAT Voting Common Stock Sale -$1.87M -53.5K -47.59% $34.95 58.9K 25 Sep 2025 Direct F2, F3
holding GSAT Voting Common Stock 1.12M 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 -100K -3.71% $0.00 2.59M 24 Sep 2025 Voting Common Stock 100K 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.