Globalstar director Benjamin Wolff sells $1.64 million in stock

Globalstar director Benjamin G. Wolff sold 19,998 shares of the company's common stock on August 27, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The sale amounted to $1,639,436, with transactions occurring between $81.7301 and $82.1400 per share. The volume-weighted average price for these transactions was $81.98.

This sale took place as Globalstar's stock hovered near its 52-week high of $84.85, following a 173% return over the past year. InvestingPro analysis suggests the stock is currently overvalued, featuring on a list of the most overvalued companies. On the same day, Wolff exercised stock options, acquiring an additional 19,998 shares of voting common stock.

These acquisitions totaled $443,622, with exercise prices varying from $17.4 to $32.85 per share. 6,666 shares were bought at $17.4, 6,666 at $19.5, 4,444 at $28.05, and 2,222 at $32.85. The exercise prices were spread over three periods, with vesting scheduled for January 4, 2023, 2024, and 2025, 2024, 2025, and 2026, 2025, 2026, and 2027, and 2026, 2027, and 2028, respectively.

Following these transactions, Wolff now directly owns 4,116 shares of Globalstar voting common stock.