Globalstar, Inc. reported an insider ownership change involving Rebecca Clary in the company’s Voting Common Stock on June 4, 2026. The Form 4 indicates that Clary sold shares of Globalstar stock on that date. The filing states that the sale was made pursuant to a Rule 10b5-1 trading plan adopted by Clary on June 26, 2025. Such plans allow insiders to schedule trades in advance under predetermined conditions, providing an affirmative defense against claims that trades were made on the basis of material nonpublic information. The document excerpt identifies the security involved as Voting Common Stock and describes the transaction as a sale, but it does not provide the detailed transaction table typically included in a Form 4. As a result, the number of shares sold, the sale price, transaction code, and Clary’s beneficial ownership following the transaction are not available from the provided text. The filing was signed on Clary’s behalf by Kelly C. Simoneaux, acting as attorney-in-fact. The key significance of the report is that it discloses an insider sale by Rebecca Clary under a prearranged trading plan, rather than an open-market discretionary sale initiated at the time of the transaction.
Stock detail
Globalstar (GSAT) stock price, chart, and key data
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Stock detail
Globalstar
GSAT · XNAS
+$0.35 (+0.44%) past day
$80.26
Overnight $79.00 (-1.57%)
Key metrics
Financials
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Operating income & Operating cash flow
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Total assets & Total liabilities
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Total equity & Shares outstanding
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Day range
$77.03 - $79.91
52-week range
$22.35 - $84.70
Close price
$79.19
Market cap
$10.2B
P/E ratio
-535.04
Beta
1.55
Financials
FY2026 Q1Operating income
$11M
Operating cash flow
$35M
EPS
-0.16
Shares outstanding
128.8M
Total assets
$2B
Total equity
$343M
Total liabilities
$2B
About the company
Globalstar Inc
Globalstar, Inc. is an American telecommunications company that operates a satellite constellation in low Earth orbit for satellite phone, low-speed data transmission and Earth observation. The Globalstar second-generation constellation consists of 25 satellites. In April 2026, Amazon announced an agreement to acquire Globalstar and merge it into its Amazon Leo business unit with the acquisition intended to close in 2027.
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Mean target
$90.00
1
Buy
/ 1
Recent calls
05/08/2026
B. Riley Securities
Mike Crawford
Buy · Price target $90.00
04/14/2026
Craig-Hallum
George Sutton
Buy
03/02/2026
Clear Street
Gregory Pendy
Buy · Price target $71.00
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