JACOBS PAUL E 4
4 · Globalstar, Inc. · Filed Sep 25, 2025
Insider Transaction Report
Form 4
Globalstar, Inc.GSAT
JACOBS PAUL E
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Voting Common Stock
2025-09-24+100,000→ 112,374 total - Sale
Voting Common Stock
2025-09-25$34.95/sh−53,479$1,869,086→ 58,895 total - Exercise/Conversion
Restricted Stock Units
2025-09-24−100,000→ 2,594,599 total→ Voting Common Stock (100,000 underlying)
Holdings
- 1,116,400(indirect: By Trust)
Voting Common Stock
Footnotes (4)
- [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.