JACOBS PAUL E 4

What Happened Paul E. Jacobs, Chief Executive Officer of Globalstar, received an award of 3,403 restricted shares on 2026-03-10 (acquired at $0.00) that vested immediately as partial payment of his 2025 annual bonus. On 2026-03-11 he sold 1,153 shares in an open-market transaction for a volume-weighted average price of $57.31, generating proceeds of $66,076.

Key Details

• Transaction types: Award/Grant (A) of 3,403 shares (2026-03-10); Open-market Sale (S) of 1,153 shares (2026-03-11).
• Prices and value: Award recorded at $0.00; sale VWAP $57.31, total proceeds $66,076. Reported sale prices ranged from $57.13 to $57.66 (footnote F3).
• Reason for sale: Shares sold to cover taxes due upon vesting of the restricted stock (footnote F2).
• Award context: Restricted stock was part of the 2025 annual bonus and vested immediately upon grant (footnote F1).
• Filing timing: Form 4 filed 2026-03-12 reporting transactions from 2026-03-10 and 2026-03-11; the filing appears to be within the standard two-business-day reporting window.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context This combination of an immediate vesting award and a small sale to cover tax withholding is a common, routine insider filing and does not by itself indicate a change in the insider’s view of the company. The reporting person has offered to provide details of the number of shares sold at each separate price upon request (footnote F3).