Globalstar director Benjamin Wolff sells $1.64m in GSAT stock By Investing.com

Benjamin G. Wolff, a director at Globalstar, Inc. (), sold 19,998 shares of the company’s common stock for a total of $1,644,101 on August 21, 2026. The shares were sold at prices ranging from $82.20 to $82.26 per share. The timing of the sale comes as the stock trades near its 52-week high of $84.85, following a remarkable 207% gain over the past year.

On the same date, Mr. Wolff acquired an equal number of shares through the exercise of stock options. He exercised three tranches of stock options, acquiring a total of 19,998 shares of Voting Common Stock for a total of $134,886. These acquisitions included 6,666 shares at an exercise price of $7.05 per share, another 6,666 shares at $8.106 per share, and a final 6,666 shares at $5.079 per share. The prices paid for these shares ranged between $5.079 and $8.106.

Following these transactions, Mr. Wolff directly holds 4,116 shares of Globalstar common stock. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value. Investors can access comprehensive valuation metrics and exclusive ProTips for GSAT and 1,400+ other US stocks through the platform’s detailed Pro Research Reports.

The number of shares and exercise prices reported reflect adjustments due to Globalstar’s 1-for-15 reverse stock split, which was effected on February 10, 2025. The exercised options had vested over prior years, with the first tranche vesting between December 2019 and December 2021, the second between January 2021 and January 2023, and the third between January 2022 and January 2024.

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