Form 4 for GSAT Globalstar, Inc.
Accepted 2025-09-25 00:00:00 ET · period of report 2025-09-24 · accession 0001191310-25-000006 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-09-25 | 2025-09-25 | GSAT | JACOBS PAUL E | CEO, Dir | S - Sale+OE | $34.95 | -53.5K | 58.9K | -48% | -$1.87M |
| D | 2025-09-25 | 2025-09-24 | GSAT | JACOBS PAUL E | CEO, Dir | M - OptEx | $0.00 | +100.0K | 112.4K | +808% | $0 |
| D | 2025-09-25 | 2025-09-24 | GSAT | JACOBS PAUL E | CEO, Dir | M - OptEx | $0.00 | -100.0K | 2.59M | -4% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Voting Common Stock | 2025-09-25 | S | D | 53,479 | $34.95 | 58,895 | D | — | — | (F3) The shares were sold in multiple transactions at prices ranging from $34.6699 to $35.2601 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
| 2 | Common | Voting Common Stock | 2025-09-24 | M | A | 100,000 | $0.00 | 112,374 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2025-09-24 | M | D | 100,000 | $0.00 | 2,594,599 | D | — · — to — | 100,000 Voting Common Stock | (F1) Vesting of a portion of performance-based restricted stock units ("RSUs") granted on 9/25/2023. (F4) Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest in tranches upon the Issuer's common stock achieving certain price thresholds based on the 60-day weighted average closing price per share. The number of shares has been adjusted to reflect the Issuer's 1 for 15 reverse stock spilt effected on February 10, 2025. |