Ponder L Barbee IV 4
4 · Globalstar, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Globalstar (GSAT) GC Ponder Barbee Sells 492 Shares
What Happened
Ponder L Barbee IV, General Counsel of Globalstar, sold 492 shares on March 10, 2026 at $55.38 per share, generating proceeds of $27,248. The sale was a disposition (S) executed as part of the company’s sell-to-cover program to cover taxes on the partial vesting of a restricted stock award.
Key Details
- Transaction date and price: 2026-03-10, 492 shares @ $55.38 each.
- Total proceeds: $27,248.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnote F1: Sale made under the registrant’s mandatory sell-to-cover program to cover taxes from a restricted stock vesting (award granted 3/7/2025).
- Footnote F2: Total adjusted to correct prior record-keeping errors (incorrect shares reported for tax-withholding sales during 2019–2021).
- Filing timeliness: Reported with a Form 4 dated 2026-03-10 (no late filing indicated).
Context
Sell-to-cover transactions are routine tax-withholding actions when restricted stock vests and do not, by themselves, indicate management sentiment about the company’s stock. This was a relatively small, tax-related sale (≈$27k) rather than an opportunistic open-market sell for liquidity or investment reasons. The filing also notes a prior reporting adjustment unrelated to this specific transaction.
Insider Transaction Report
- Sale
Voting Common Stock
[F1][F2]2026-03-10$55.38/sh−492$27,248→ 142,635 total
Footnotes (2)
- [F1]Shares sold in accordance with a mandatory sell-to-cover program maintained by the registrant to cover taxes due upon the partial vesting of a restricted stock award granted 3/7/2025.
- [F2]Total has been adjusted to account for record keeping errors that occurred resulting in an incorrect number of shares reported as sold to cover taxes on one or more equity award vestings during the period between 2019 and 2021