Stock market bubble watch: This is the top potential threat to rally says KB
Globalstar, Inc. (NASDAQ:GSAT) Chief Executive Officer Paul E. Jacobs sold 53,479 shares of Voting Common Stock on September 25, 2025, at prices ranging from $34.6699 to $35.2601, according to a Form 4 filing with the Securities and Exchange Commission. The total value of the shares sold amounted to $1,869,085. The sale comes as GSAT shares have surged nearly 88% over the past year, with analysts setting price targets between $45 and $60. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
On September 24, Jacobs also exercised options on 100,000 shares of Voting Common Stock at a price of $0, and these shares were acquired. These shares resulted from the vesting of performance-based restricted stock units granted on September 25, 2023.
Following these transactions, Jacobs directly owns 58,895 shares of Globalstar, Inc. voting common stock. In addition, he indirectly owns 1,116,400 shares through a trust. He also directly owns 2,594,599 Restricted Stock Units.
In other recent news, Globalstar Inc . reported its second-quarter earnings for 2025, showing a notable increase in revenue alongside strategic advancements in product development and market expansion. The earnings call highlighted positive developments in the company’s financial performance despite recent fluctuations in stock price. Globalstar has also secured multiple government contracts, which are expected to generate at least $60 million in revenue over the next five years, marking a significant boost in its financial outlook. Additionally, Globalstar has begun construction to expand its ground station in Estonia, investing approximately $9 million to support its third-generation C-3 mobile satellite system in Northern Europe. This expansion includes the addition of three 6-meter antennas and associated infrastructure. In Singapore, the company is also enhancing its ground station by adding two 6-meter tracking antennas, furthering its 17-year partnership with Singtel. These expansions aim to bolster Globalstar’s service offerings across Southeast Asia. The company has also completed a proof of concept with Parsons for satellite-enabled software-defined communications, advancing to the commercial phase with an executed access agreement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.