GLOBALSTAR INC GSAT
COM NEW · Common Stock · CUSIP 378973507 · ISIN US3789735079
Global satellite telecommunications company
- SectorCommunication
- IndustryCommunications Services, NEC
- HeadquartersCovington,, LA
- Founded1998
- Websiteglobalstar.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $20.86. Options: 15 managers hold calls ($201.8m notional), 11 hold puts ($73.3m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2024 | 3 |
| Q1 2025 | 163 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $0 | $0 | — |
| Q3 2024 | $0 | $0 | — |
| Q4 2024 | $0 | $0 | — |
| Q1 2025 | $201.8m | $73.3m | 0.36 |
Biggest buyers
| VANGUARD GROUP INC | New | +5.0m |
| BlackRock, Inc. | New | +3.7m |
| Greenhouse Funds LLLP | New | +1.8m |
| ASHFORD CAPITAL MANAGEMENT INC | New | +1.4m |
| STATE STREET CORP | New | +1.3m |
| GEODE CAPITAL MANAGEMENT, LLC | New | +1.3m |
| Senvest Management, LLC | New | +877.9k |
| AMERICAN CENTURY COMPANIES INC | New | +727.2k |
| NORTHERN TRUST CORP | New | +489.3k |
| DIMENSIONAL FUND ADVISORS LP | New | +432.4k |
Biggest sellers
| BECK MACK & OLIVER LLC | Reduced | -16.4m |
| Rossby Financial, LCC | Reduced | -92.0k |
| Inlight Wealth Management, LLC | Reduced | -82.1k |
Biggest calls
| GROUP ONE TRADING LLC | New | $99.1m4.7m shares |
| SIMPLEX TRADING, LLC | New | $32.4m1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $30.6m1.5m shares |
| BANK OF AMERICA CORP /DE/ | New | $15.5m744.0k shares |
| Caption Management, LLC | New | $10.4m500.0k shares |
| CITADEL ADVISORS LLC | New | $4.9m235.5k shares |
| SIG BROKERAGE, LP | New | $2.9m140.0k shares |
| IMC-Chicago, LLC | New | $1.7m81.5k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $1.6m75.0k shares |
| JANE STREET GROUP, LLC | New | $1.1m52.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $27.9m1.3m shares |
| Caption Management, LLC | New | $20.4m978.8k shares |
| GROUP ONE TRADING LLC | New | $10.8m518.8k shares |
| IMC-Chicago, LLC | New | $5.9m280.6k shares |
| SIMPLEX TRADING, LLC | New | $4.2m199.4k shares |
| CITADEL ADVISORS LLC | New | $3.0m142.4k shares |
| BANK OF AMERICA CORP /DE/ | New | $667.5k32.0k shares |
| JANE STREET GROUP, LLC | New | $296.0k14.2k shares |
| Walleye Trading LLC | New | $173.1k8.3k shares |
| Belvedere Trading LLC | New | $146100 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
FL INVESTMENT HOLDINGS LLC
13D · may seek influence
filed 2026-04-15
Stated purposeItem 4 of the Schedule 13D is hereby amended to add the following: The information in Item 3 of this Schedule 13D is incorporated herein by reference. On April 13, 2026, Globalstar, Inc. (the "Issuer") entered into an Agreement and Plan of Merger (the "Merger Agreement") with Amazon.com, Inc., a Delaware corporation ("Parent"), Grapefruit Acquisition Sub I, Inc., a Delaware corporation and a direct wholly owned subsidiary of Parent ("Acquisition Sub I"), and Grapefruit Acquisition Sub II, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Parent ("Acquisition Sub II" and, together with Parent and Acquisition Sub I, the "Buyer Parties"), pursuant to which, among other things, (a) Acquisition Sub I will merge with and into the Issuer (the "First Merger"), wit… Full filing |
57.6% |
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 1 | $6.0m | 2 | $1.0m | $1.0m |
| Q3 2023 | 1 | $12.5m | 3 | $49.0m | — |
| Q4 2023 | 2 | $3.4m | 2 | $540.9k | $116.2k |
| Q1 2024 | 1 | $4.6m | 2 | $1.2m | $1.2m |
| Q2 2024 | 1 | $4.8m | 2 | $4.9m | $83.3k |
| Q3 2024 | 0 | — | 2 | $1.0m | $1.0m |
| Q4 2024 | 1 | $12.0m | 4 | $8.1m | — |
| Q1 2025 | 1 | $7.4m | 4 | $6.1m | $1.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-28 | JACOBS PAUL E Chief Executive Officer, director · By Virewirx, Inc. (f/k/a XCOM Labs, Inc.) | Sold | $4.7m209.5k shares |
| 2025-03-28 | Monroe James III Director · Thermo XCOM LLC | Bought | $4.7m209.5k shares |
| 2025-03-21 | Monroe James III Director · By Thermo Properties II, LLC | Bought | $1.1m50.0k shares |
| 2025-03-20 | Monroe James III Director · By Thermo Properties II, LLC | Bought | $545.8k25.0k shares |
| 2025-03-19 | Monroe James III Director · By Thermo Properties II, LLC | Bought | $542.8k25.0k shares |
| 2025-03-18 | Monroe James III Director · By Thermo Properties II, LLC | Bought | $520.0k25.0k shares |
| 2025-03-13 | Taylor Timothy Evan VP, Finance & Operations, director · By Thermo Investments III, LLC | Sold plan | $564.4k26.3k shares |
| 2025-03-12 | Taylor Timothy Evan VP, Finance & Operations, director · By Thermo Investments III, LLC | Sold plan | $580.5k26.3k shares |
| 2025-03-12 | JACOBS PAUL E Chief Executive Officer, director | Sold | $157.0k7.1k shares |
| 2025-03-12 | Clary Rebecca VP & Chief Financial Officer | Sold | $53.2k2.4k shares |
| 2025-03-12 | Ponder L Barbee IV General Counsel | Sold | $5.6k252 shares |
| 2025-03-11 | Ponder L Barbee IV General Counsel | Sold | $10.6k488 shares |
| 2025-03-11 | Clary Rebecca VP & Chief Financial Officer | Sold | $7.6k349 shares |
| 2025-01-06 | JACOBS PAUL E Chief Executive Officer, director | Sold | $31.8k14.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 5.0m $105.0m | New |
| BlackRock, Inc. 0.00% of their portfolio | 3.7m $76.3m | New |
| Greenhouse Funds LLLP 1.85% of their portfolio | 1.8m $37.9m | New |
| ASHFORD CAPITAL MANAGEMENT INC 3.72% of their portfolio | 1.4m $28.8m | New |
| STATE STREET CORP 0.00% of their portfolio | 1.3m $26.7m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.3m $26.2m | New |
| BECK MACK & OLIVER LLC 0.49% of their portfolio | 1.2m $24.6m | Reduced -16.4m |
| Senvest Management, LLC 0.77% of their portfolio | 877.9k $18.3m | New |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 727.2k $15.2m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 489.3k $10.2m | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 432.4k $9.0m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 408.2k $8.5m | New |
| American Alpha Advisors, LLC 7.09% of their portfolio | 383.3k $8.0m | New |
| Long Focus Capital Management, LLC 0.52% of their portfolio | 370.0k $7.7m | New |
| PLUSTICK MANAGEMENT LLC 5.40% of their portfolio | 355.0k $7.4m | New |
| MORGAN STANLEY 0.00% of their portfolio | 347.5k $7.2m | New |
| FMR LLC 0.00% of their portfolio | 339.7k $7.1m | New |
| SOFTBANK GROUP CORP. 0.02% of their portfolio | 321.0k $6.7m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 294.1k $6.1m | New |
| AGF MANAGEMENT LTD 0.03% of their portfolio | 275.0k $5.7m | New |
| UBS Group AG 0.00% of their portfolio | 273.1k $5.7m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 260.2k $5.4m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 259.3k $5.4m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 251.1k $5.2m | New |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 227.3k $4.7m | New |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 217.3k $4.5m | New |
| Wolf Hill Capital Management, LP 0.40% of their portfolio | 214.2k $4.5m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 174.4k $3.6m | New |
| Robertson Stephens Wealth Management, LLC 0.13% of their portfolio | 160.7k $3.4m | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 157.9k $3.3m | New |
| Anson Funds Management LP 0.66% of their portfolio | 133.3k $2.8m | New |
| 683 Capital Management, LLC 0.28% of their portfolio | 131.0k $2.7m | New |
| Nuveen, LLC 0.00% of their portfolio | 125.1k $2.6m | First filing |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 123.9k $2.6m | New |
| Penserra Capital Management LLC 0.04% of their portfolio | 115.6k $2.4m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 110.3k $2.3m | New |
| Swiss National Bank 0.00% of their portfolio | 97.9k $2.0m | New |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 91.8k $1.9m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 83.3k $1.7m | New |
| Linden Thomas Advisory Services, LLC 0.21% of their portfolio | 76.9k $1.6m | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 72.3k $1.5m | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 71.4k $1.5m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 69.6k $1.5m | New |
| BARCLAYS PLC 0.00% of their portfolio | 68.7k $1.4m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 68.6k $1.4m | New |
| Sovran Advisors, LLC 0.17% of their portfolio | 65.3k $1.3m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 63.9k $1.3m | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 59.1k $1.2m | New |
| Legal & General Group Plc 0.00% of their portfolio | 55.5k $1.2m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 54.5k $1.1m | New |
| CANNELL CAPITAL LLC 0.36% of their portfolio | 50.7k $1.1m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 47.2k $985.6k | New |
| Merrion Investment Management Co, LLC 0.65% of their portfolio | 43.7k $911.2k | New |
| Verition Fund Management LLC 0.01% of their portfolio | 43.2k $901.2k | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 42.2k $881.0k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 41.9k $875.0k | New |
| DARK FOREST CAPITAL MANAGEMENT LP 0.04% of their portfolio | 37.6k $783.9k | New |
| CITIGROUP INC 0.00% of their portfolio | 37.3k $777.2k | New |
| MARSHALL WACE, LLP 0.00% of their portfolio | 35.5k $739.6k | New |
| Curbstone Financial Management Corp 0.14% of their portfolio | 32.3k $673.7k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 30.4k $633.1k | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 29.2k $609.7k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 28.9k $602.4k | New |
| Quadrature Capital Ltd 0.01% of their portfolio | 28.7k $598.9k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 27.5k $574.5k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 27.2k $566.9k | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 26.5k $552.2k | New |
| Invesco Ltd. 0.00% of their portfolio | 25.1k $522.9k | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 24.8k $516.6k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 24.7k $515.0k | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 24.1k $503.7k | New |
| Corebridge Financial, Inc. 0.00% of their portfolio | 23.8k $497.0k | New |
| LPL Financial LLC 0.00% of their portfolio | 23.6k $493.3k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 22.9k $478.0k | New |
| ProShare Advisors LLC 0.00% of their portfolio | 21.1k $439.3k | New |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 20.3k $433.0k | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 18.4k $383.7k | New |
| WINTON GROUP Ltd 0.02% of their portfolio | 17.8k $370.9k | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 17.7k $369.0k | New |
| Intellectus Partners, LLC 0.09% of their portfolio | 17.2k $359.0k | New |
| Caption Management, LLC 0.02% of their portfolio | 17.0k $355.0k | New |
| IMC-Chicago, LLC 0.01% of their portfolio | 16.7k $348.3k | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 16.6k $347.0k | New |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 16.2k $338.0k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 15.1k $314.6k | New |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 14.5k $301.8k | New |
| GSA CAPITAL PARTNERS LLP 0.02% of their portfolio | 12.7k $266.0k | New |
| Sterling Capital Management LLC 0.00% of their portfolio | 12.7k $263.9k | New |
| TWO SIGMA SECURITIES, LLC 0.04% of their portfolio | 12.6k $263.1k | New |
| Corient Private Wealth LP 0.00% of their portfolio | 11.7k $244.8k | New |
| CATALYST FINANCIAL PARTNERS LLC 0.04% of their portfolio | 11.4k $238.7k | New |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 11.1k $232.0k | New |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 11.0k $228.6k | New |
| VestGen Advisors, LLC 0.01% of their portfolio | 10.5k $220.0k | First filing |
| Man Group plc 0.00% of their portfolio | 10.3k $215.5k | New |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 10.2k $212.7k | New |
| HighMark Wealth Management LLC 0.12% of their portfolio | 9.6k $199.5k | New |
| Point72 Asia (Singapore) Pte. Ltd. 0.04% of their portfolio | 8.1k $169.8k | New |
| Rossby Financial, LCC 0.07% of their portfolio | 8.0k $156.9k | Reduced -92.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 7.8k $162.9k | New |