Benjamin G. Wolff, a director at Globalstar Inc. (NASDAQ: GSAT), sold 19,998 common shares on August 21, 2026, for a total of $1.64 million at prices ranging from $82.20 to $82.26 per share.
The sale followed the exercise of stock options for an equivalent 19,998 shares, with Wolff paying between $5.079 and $8.106 per share across three lots. The first lot was acquired between December 2019 and December 2021 at $7.05 per share, the second between January 2021 and January 2023 at $8.106, and the third between January 2022 and January 2024 at $5.079. The total cost for the option exercises amounted to $134,886.
After the transaction, Wolff retained direct ownership of 4,116 Globalstar shares. The stock was trading near its 52-week high of $84.85 at the time of the sale, reflecting a 207% annual gain. Share figures and exercise prices reflect adjustments from a 1-for-15 reverse stock split implemented by Globalstar on February 10, 2025.
The transaction occurred as Amazon submitted a petition to the Federal Communications Commission (FCC) proposing a satellite constellation of up to 5,105 satellites under its Leo project, with launches planned to begin in 2028. Separately, Thermo Companies announced a strategic partnership with Focus Automated Equities to provide advisory services on business strategy and machine learning. InvestingPro analysis noted Globalstar’s stock appeared overvalued relative to its fair value.
