Globalstar CFO Rebecca Clary Sells 2,100 Shares at $35.01 per Share.

Globalstar, Inc. (GSAT) has announced that its Vice President and Chief Financial Officer, Rebecca Clary, has sold 2,100 shares of the company at a price of $35.01 per share on September 25, 2025.

Globalstar, Inc. (GSAT) has reported that its Vice President and Chief Financial Officer, Rebecca Clary, sold 2,100 shares of the company on September 25, 2025, at a price of $35.01 per share. This transaction occurred after the company's second-quarter earnings report, which indicated strong financial performance. The sale comes as GSAT continues to expand its ground station infrastructure and advance new satellite technologies.

Clary's sale of 2,100 shares at $35.01 per share translates to a total transaction value of $73,521. The sale is notable for its timing, as it follows the company's recent announcements of significant growth initiatives and expansion projects, including the construction of new ground stations in Estonia, Greece, Spain, and Singapore to bolster its C-3 satellite network GSAT Expands Estonia Ground Station to Boost C-3 Satellite Network^[2].

In the second quarter, GSAT reported revenues of $67.1 million, up 11% year over year, and adjusted EBITDA of $35.8 million. The company has reiterated its 2025 revenue outlook of $260-$285 million and expects adjusted EBITDA margins around 50% Globalstar Reiterates 2025 Outlook: Understated or Playing Safe?^[1]. These figures highlight the company's momentum in wholesale capacity services and commercial IoT, which has seen an increase in the average number of subscribers and gross activations in the trailing 12 months.

The sale of shares by Clary may be seen as a sign of confidence in the company's long-term prospects, given the recent expansion announcements and the company's ongoing advancements in satellite technologies. However, it is essential to note that such transactions can be influenced by various factors, including personal financial needs or strategic planning. As of the current date, GSAT's stock has gained 36.9% in the past month compared to the Zacks Satellite and Communication industry's growth of 80.1% Globalstar Reiterates 2025 Outlook: Understated or Playing Safe?^[1].

In conclusion, while the sale of shares by Rebecca Clary may be a strategic move, it does not appear to reflect any immediate concerns about the company's financial health or prospects. Instead, it underscores the ongoing expansion and technological advancements at GSAT, which are likely to drive future growth.