Globalstar, Inc. (NASDAQ:GSAT) filed a Form 4 with the Securities and Exchange Commission showing that Chief Executive Officer Paul E. Jacobs sold $42,525 worth of company stock on March 19, 2026. The filing specifies that the sales were of 714 shares of Voting Common Stock, executed at prices ranging from $59.56 to $59.5816.
On the same day as the stock sales, Jacobs exercised options to acquire 6,666 shares of Globalstar Voting Common Stock. The option exercises were at strike prices of $28.05 and $32.85, and are recorded with a combined value of $197646.
Following these transactions, Jacobs' reported holdings include 67,032 shares held directly and an indirect holding of 1,116,400 shares through a trust. The equity transactions were disclosed in the standard regulatory filing process.
Market context included in the filing notes that Globalstar's share price has risen 184% over the past year. At the time of the report the stock traded at $61.53 and the company's market capitalization was $7.93 billion.
The filing and related commentary also reference recent operational and financial updates for Globalstar. In its fourth-quarter 2025 results, the company reported revenue of $71.96 million, ahead of a consensus forecast of $69.03 million - a 4.24% positive surprise versus expectations. However, earnings per share for the quarter came in at -$0.11, missing the forecasted -$0.0005.
Separately, Craig-Hallum revised its price target for Globalstar to $70 from $60 while retaining a Buy rating. That firm cited Globalstar's movement from proof-of-concept toward concrete progress in government contracting areas, including work through Parsons, as a factor in its reassessment.
An InvestingPro analysis referenced in the filings characterizes the stock as appearing overvalued at current levels. The same note points investors to a Pro Research Report covering GSAT and more than 1,400 U.S. equities for additional context.
These disclosures together describe a day in which the CEO both sold a modest block of shares and exercised longstanding option rights, while the company navigates mixed quarterly results and renewed analyst interest tied to government-sector activity.