Clary Rebecca 4

What Happened

• Rebecca Clary, Chief Financial Officer of Globalstar, was granted 1,557 restricted shares on 2026-03-10 as partial payment of her 2025 annual bonus; those shares vested immediately. On 2026-03-11 she sold 762 shares in the open market for aggregate proceeds of approximately $43,668 (VWAP $57.31). The sale was to cover taxes due upon vesting.

Key Details

• Transactions: 2026-03-10 — Award (A) 1,557 shares @ $0.00 (vested immediately); 2026-03-11 — Sale (S) 762 shares, VWAP $57.31 (individual trade prices ranged $57.13–$57.66).
• Proceeds from sale: ~$43,668.
• Shares owned after transaction: Not specified in the provided filing.
• Relevant footnotes: F1 — award was partial bonus for 2025 and vested immediately; F2 — shares sold to cover taxes from vesting; F3 — sale occurred in multiple trades; reporting price is VWAP and detailed per-trade breakdown is available upon request.
• Filing timeliness: Report filed 2026-03-12 for transactions through 2026-03-10 — appears to be timely.

Context

• This filing shows an award of restricted stock that vested and a subsequent sale to satisfy tax withholding obligations. Such sell-to-cover transactions are common following immediate vesting and do not necessarily indicate a change in an insider’s view of the company. No exercise of options, 10b5-1 plan, or gift was reported in this filing.