Globalstar director Benjamin Wolff sells $1.64 million in stock

Benjamin G. Wolff, a director at Globalstar, Inc. (NASDAQ:GSAT), sold shares of the company’s common stock and acquired additional shares through option exercises on August 27, 2026, according to a recent Form 4 filing with the Securities and Exchange Commission.

Mr. Wolff disposed of 19,998 shares of voting common stock, generating a total of $1,639,436. These shares were sold in multiple transactions at prices ranging from $81.7301 to $82.1400 per share. The reported price of $81.98 reflects the volume-weighted average price for these transactions. The sale occurred with shares trading near their 52-week high of $84.85, following a remarkable 173% return over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value, placing it among companies on the most overvalued list.

On the same day, Mr. Wolff acquired a total of 19,998 shares of voting common stock by exercising stock options. These acquisitions amounted to $443,622, with exercise prices ranging from $17.4 to $32.85 per share.

Specifically, he acquired:

6,666 shares at an exercise price of $17.4. These options vested in thirds on January 4, 2023, 2024, and 2025.

6,666 shares at an exercise price of $19.5. These options vested in thirds on January 3, 2024, 2025, and 2026.

4,444 shares at an exercise price of $28.05. These options are scheduled to vest in thirds on January 2, 2025, 2026, and 2027.

2,222 shares at an exercise price of $32.85. These options are scheduled to vest in thirds on January 6, 2026, 2027, and 2028.

Following these reported transactions, Mr. Wolff beneficially owns 4,116 shares of Globalstar voting common stock directly. The number of shares and exercise prices reported reflect adjustments due to the company’s 1-for-15 reverse stock split, which was effected on February 10, 2025. For deeper insights into Globalstar’s valuation and insider activity, InvestingPro offers access to over 15 additional ProTips and comprehensive Pro Research Reports covering more than 1,400 US equities.

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