Clary Rebecca 4
4 · Globalstar, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Globalstar (GSAT) CFO Rebecca Clary Sells 1,210 Shares
What Happened
Rebecca Clary, Chief Financial Officer of Globalstar, sold 1,210 shares of GSAT on March 3, 2026 at $61.09 per share, generating proceeds of $73,925. This was a sale (not a purchase); sales by insiders are often routine and do not necessarily indicate a change in company outlook.
Key Details
- Transaction date and price: March 3, 2026 — 1,210 shares at $61.09 each.
- Total value: $73,925 (proceeds from the sale).
- Shares owned after the transaction: Not provided in the information supplied in this summary/filing.
- Footnotes:
- F1: The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 2025.
- F2: The total has been adjusted to correct prior record-keeping errors related to share-withholdings for taxes on equity vestings between 2019 and 2021.
- Filing timeliness: Report filed on March 3, 2026 for a March 3, 2026 transaction—no late filing indicated.
Context
A Rule 10b5-1 plan is a prearranged trading plan that allows insiders to sell shares on a set schedule, which can limit the significance of the sale as a signal about insider views. The F2 note indicates past reporting/recordkeeping corrections rather than a new transaction type. Retail investors should treat this as a routine insider sale and consider broader fundamentals and other insider activity before drawing conclusions.
Insider Transaction Report
- Sale
Voting Common Stock
[F1][F2]2026-03-03$61.09/sh−1,210$73,925→ 109,810 total
Footnotes (2)
- [F1]Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 26, 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.