Globalstar Inc. director Benjamin G. Wolff sold 19,998 shares of voting common stock on Aug. 27 for a total of $1,639,436, according to a Securities and Exchange Commission filing.
The disposal occurred at prices ranging from $81.7301 to $82.1400 per share, with a volume-weighted average price of $81.98. Wolff also exercised stock options to acquire an additional 19,998 shares for $443,622. The transactions followed a 1-for-15 reverse stock split implemented in February 2025, which adjusted exercise prices and share counts.
The option exercise breakdown included 6,666 shares at $17.40, 6,666 at $19.50, 4,444 at $28.05, and 2,222 at $32.85. Post-transaction, Wolff beneficially owns 4,116 shares of Globalstar voting common stock directly. The company’s stock has risen 173% over the past year, with a 52-week high of $84.85.
Globalstar’s shares have been flagged as overvalued by InvestingPro, ranking among the most overvalued stocks based on fair-value analysis. The company continues to face scrutiny over valuation amid broader market conditions.
