SEC Form 4 · accession 0001368618-26-000013
Globalstar, Inc. · GSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin G Wolff
Director
Period of report
Aug 27, 2026
Accepted (ET)
Aug 28, 2026 · 5:09 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001366868
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Voting Common Stock | Aug 27, 2026 | M | 6,666 | $17.40 | A | 10,782 | D | |
| Voting Common Stock | Aug 27, 2026 | M | 6,666 | $19.50 | A | 17,448 | D | |
| Voting Common Stock | Aug 27, 2026 | M | 4,444 | $28.05 | A | 21,892 | D | |
| Voting Common Stock | Aug 27, 2026 | M | 2,222 | $32.85 | A | 24,114 | D | |
| Voting Common StockF1 | Aug 27, 2026 | S | 19,998 | $81.98 | D | 4,116 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $17.40 | Aug 27, 2026 | M | 6,666 | D | — | Jan 4, 2032 | Voting Common Stock | 6,666 | 0 | D |
| Stock Option (Right to Buy)F3 | $19.50 | Aug 27, 2026 | M | 6,666 | D | — | Jan 3, 2033 | Voting Common Stock | 6,666 | 0 | D |
| Stock Option (Right to Buy)F4 | $28.05 | Aug 27, 2026 | M | 4,444 | D | — | Jan 2, 2034 | Voting Common Stock | 4,444 | 2,222 | D |
| Stock Option (Right to Buy)F5 | $32.85 | Aug 27, 2026 | M | 2,222 | D | — | Jan 6, 2035 | Voting Common Stock | 2,222 | 4,444 | D |
Explanation of responses
- F1The shares were sold in multiple transactions at prices ranging from $81.7301 to $82.1400 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.
- F2Award vested and became exercisable as to one third on each of January 4, 2023, January 4, 2024 and January 4, 2025.
- F3Award vested and became exercisable as to one third on each of January 3, 2024, January 3, 2025 and January 3, 2026.
- F4Award vests and becomes exercisable as to one third on each of January 2, 2025, 2026, and 2027.
- F5Award vests and becomes exercisable as to one third on each of January 6, 2026, 2027, and 2028.
Remarks
The number of shares of voting common stock and exercise prices reported in this Form 4 have been adjusted to reflect the Issuer's 1 for 15 reverse stock spilt effected on February 10, 2025.