COWAN KEITH O 4

What Happened
Keith O. Cowan, a director of Globalstar, Inc. (GSAT), received an award of 3,333 restricted shares on May 11, 2026. The grant was recorded at $0.00 per share (no cash exchanged at grant), with a reported aggregate value of $0 for the grant reporting purposes. This was an equity award (not a market purchase or sale) and is typically part of director compensation/retention arrangements.

Key Details

• Transaction date: 2026-05-11 (Grant, code A)
• Reported grant: 3,333 restricted shares at $0.00 per share (aggregate $0 for reporting)
• Vesting: Award vests on May 11, 2027 (footnote: issued under the Issuer's Equity Incentive Plan)
• Shares owned after transaction: Not specified in the filing
• Filing date: 2026-05-21 — this is 10 days after the transaction date, later than the typical 2-business-day Form 4 deadline (filing appears late)
• No 10b5-1 plan, tax-withholding, or related sale/exercise noted in the filing

Context
Restricted stock awards are a common form of compensation for directors and employees and typically vest over time to align interests with shareholders. Because this was a time-vesting award (vesting in one year) rather than an open-market purchase or sale, it should not be read as an immediate market sentiment signal. Investors may watch for future trading or additional insider purchases/sales for clearer signals.