JACOBS PAUL E

CEO Jacobs sold 53.5K shares of GSAT at $34.95 on 2025-09-25; holdings reduced 47.6% to 58.9K

Paul Jacobs, CEO of Globalstar, divested 53,479 shares (47.6% of his pre-transaction holdings) at $34.95, reducing his stake to 58.9K shares. At his prior three sales at GSAT, outcomes were mixed: a sell on 2025-03-28 suffered a 30d decline of -12.9% before recovering to +4.0% over 90 days; a June 2024 sale showed exceptional 90d appreciation of +1591.6%; and an August 2023 sale delivered +1988.8% over 90 days. Notably, none of those three prior sales achieved negative 90-day returns, meaning 0 of 3 prior GSAT sells were well-timed at the 90-day mark. The stock currently trades at $34.65 (near the sale price of $34.95) and stands -8.7% below its 52-week high of $37.94, though it is +47.2% over the prior 90 days. Fundamentals show the company generated $67.1M in quarterly revenue with $19.2M net income in the latest period; however, the company was unprofitable over its most recent full fiscal year, presenting a mixed picture alongside +11.9% annual revenue growth.

CEO Paul E Jacobs sells entire 209,546 GSAT stake at $22.52 ($4.7M); stock now -38.0% from 52-week high at $21.28

Paul E Jacobs, Chief Executive Officer of Globalstar, liquidated his entire shareholding of 209,546 shares for $4,718,975.92 on March 28, 2025, reducing his post-transaction holdings to 0 shares. The sale price of $22.52 was above the current price of $21.28, but the stock has declined -38.0% from its 52-week high of $34.35 and fallen -34.0% over the past 90 days. At the same ticker, Jacobs' prior two sales (June 2024 and August 2023) showed strongly positive 90-day returns of +1662.0% and +1591.6% respectively, yet neither qualified as well-timed in the 90-day window (0 of 2 prior GSAT sells were well-timed). The company's fundamentals show revenue of $72,307,000.00 and net income of $9,934,000.00 in the latest quarter, with annual revenue growth of +11.9%, but the company was unprofitable over its most recent full fiscal year. The complete exit by the CEO during a period of significant stock weakness and after a pattern of prior sales that failed to precede declines warrants close examination of internal confidence in near-term prospects.

CEO Paul E Jacobs sold 4,510,855 shares (58.9% of holdings) at $1.06 on 2024-06-28 for $4.8M; GSAT down 48.8% from 52-week high.

CEO Paul E Jacobs executed a substantial open-market sale of 4,510,855 shares (58.9% of his pre-transaction holdings) at $1.06, reducing his stake from 7.65M to 3.14M shares. The transaction occurred when the stock was materially depressed relative to its 52-week range—trading $15.19 below the $31.35 peak and at the low end of recent valuations. This timing aligns with the pattern from his prior GSAT sale on 2023-08-29 (which posted strong subsequent returns of 90d +1988.8%), suggesting a potential pattern of selling into weakness. However, the company's fundamentals remain challenged: most recent quarter revenue was $56.5M against a net loss of $13.2M, and though annual revenue growth reached 50.7%, the company remains unprofitable on a full-year basis, raising questions about sustainability of the growth rate.