Clary Rebecca 4

What Happened

• Rebecca Clary, Chief Financial Officer of Globalstar (GSAT), had 9,524 performance shares vest on April 14, 2026, and on April 15, 2026 sold 4,037 of those shares in the open market for reported proceeds of $322,354 (VWAP $79.85). The shares were acquired at $0.00 upon vesting (a performance award) and the sale reflects a routine disposition rather than an open-market purchase.

Key Details

• Transaction dates: Acquisition (vesting) 2026-04-14; Sale 2026-04-15.
• Acquisition: 9,524 shares @ $0.00 (vested performance shares; footnote F1).
• Sale: 4,037 shares disposed @ VWAP $79.85; proceeds reported $322,354. Sales executed at prices between $79.71 and $80.08 across multiple transactions (footnote F3).
• Reason for sale: Shares sold to cover taxes due upon vesting under Globalstar’s mandatory sell-to-cover program (footnote F2).
• Net impact from these transactions: +5,487 shares (9,524 vested − 4,037 sold). The Form 4 does not disclose total GSAT shares Clary owned after the transaction.
• Filing status: Form 4 filed 2026-04-15 (same day as the reported sale); no late filing indicated.

Context

• These transactions reflect a vested performance award and a sell-to-cover tax withholding—common, administrative transactions that do not necessarily signal a change in insider sentiment. The sale was limited to covering taxes rather than a discretionary open-market liquidation.