Benjamin G. Wolff, a director at Globalstar Inc., sold 19,998 shares of common stock for $1,644,101 on August 21, 2026, according to regulatory filings. The disposal occurred at prices ranging from $82.20 to $82.26 per share, near the company’s 52-week high of $84.85.
The transaction coincided with the exercise of 19,998 stock options, totaling $134,886 in acquisition costs. The options were split across three tranches with exercise prices of $7.05, $8.106, and $5.079 per share. These tranches vested between December 2019 and January 2024, with adjustments reflecting Globalstar’s 1-for-15 reverse stock split implemented on February 10, 2025.
Following the sale and option exercise, Wolff retains a direct holding of 4,116 shares of Globalstar common stock. The stock has surged 207% over the past year, contributing to investor scrutiny over valuation metrics. InvestingPro analysis cited in filings indicates GSAT appears overvalued relative to its fair value estimate.
