Ponder L Barbee IV 4

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.