$GSAT · Globalstar, Inc.
Globalstar director and 10% owner James Monroe III reported an open-market purchase of 361,600 shares at $82.52 per share, totaling $29,839,232. The transaction was not executed under a pre-arranged 10b5-1 trading plan, indicating a discretionary conviction buy.
- Director and 10% owner James Monroe III purchased 361,600 shares at $82.52 each.
- Total transaction value: $29,839,232 — a near-$30M open-market buy.
- Post-transaction, Monroe holds 408,253 shares directly.
- The purchase was not executed under a 10b5-1 trading plan.
- Monroe is both a director and a 10% beneficial owner of Globalstar.
GSAT is up just 0.12% since the filing hit during the regular session, suggesting the market has not yet fully absorbed the signal of a near-$30M insider buy. After-hours session now underway; extended-hours reaction not yet captured.
A near-$30M discretionary insider buy by a 10% owner/director is one of the strongest insider signals, especially without a 10b5-1 plan.
Large insider buys in satellite/telecom companies often draw attention given the capital-intensive nature of the sector and long development cycles.
Insider purchases can signal confidence but are not guarantees of future performance; the position could still decline in value.
Get filings like this before the market reacts.
Real-time SEC filing alerts, AI summaries, and a free daily digest — plus portfolio tracking that ties filings to your positions.