Clary Rebecca 4

What Happened

• Rebecca Clary, Chief Financial Officer of Globalstar, had 9,523 shares issued to her on 2026-04-27 upon the vesting of a performance share award (acquired at $0.00). The next day (2026-04-28) she sold 4,066 of those shares in open-market transactions for a total of approximately $330,326 (VWAP $81.24).
• The issuance is an award/vesting (not a purchase). The subsequent sale was a disposition to cover taxes (see footnotes) and is commonly a routine sell-to-cover rather than an independent investment decision.

Key Details

• Transaction dates: 2026-04-27 (award/vesting of 9,523 shares) and 2026-04-28 (sale of 4,066 shares).
• Prices and value: Award recorded at $0.00 per share; sale VWAP reported as $81.24 for a total of ~$330,326. Individual sale prices ranged from $81.2410 to $81.3100 per share (multiple transactions).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Notable footnotes:
  • F1: Vesting of a performance share award originally granted 2025-03-27 produced the 9,523 shares.
  • F2: Shares sold were to cover taxes under Globalstar’s mandatory sell-to-cover program.
  • F3: Sale occurred in multiple transactions; VWAP reported and detailed per-share prices available on request.
• Filing timeliness: Form 4 was filed 2026-04-28 for transactions on 2026-04-27 and 04-28, which appears to be timely.

Context

• Vesting of performance awards creates taxable income; companies commonly use mandatory sell-to-cover programs to satisfy tax withholding obligations by selling a portion of the vested shares. Such sales are generally administrative and don’t necessarily indicate the insider’s view on the company’s outlook.
• For retail investors, purchases by insiders tend to be more informative as a bullish signal; in this case, the activity reflects award vesting and tax-related selling.