Director James Monroe III Buys $29.8M of Globalstar Stock Near 52-Week High
GSAT has more than doubled off its 52-week low of $33.9.
Summary
Director and 10% owner James Monroe III bought $29.8M of Globalstar stock at $82.52 per share, a notable insider purchase amid a broader insider selling trend.
Key Events · Ownership and Investor Activity · GSAT
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Director Buys $29.8M in Stock
James Monroe III purchased 361,600 shares at $82.52 per share on September 18, 2026, totaling $29,839,232.
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Private Transaction for Estate Planning
Shares were purchased from James Lynch in a private transaction for estate planning purposes, not an open-market trade.
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Contrasts with Insider Selling Wave
The purchase follows 90 days of insider distribution totaling $32.8M in open-market sales by five insiders.
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Near 52-Week High
The purchase price of $82.52 is near the 52-week high of $84.85, signaling conviction ahead of the Amazon merger close.
Analysis · GSAT · Technology
A significant insider purchase by Director and 10% owner James Monroe III was disclosed on September 18, 2026, involving 361,600 shares at $82.52 per share for a total of $29.84 million. The transaction was a private purchase from fellow director James Lynch, undertaken for estate planning purposes. This buy represents roughly 0.28% of the company and stands in contrast to the recent wave of insider selling, where five insiders sold over $32.8 million in the past 90 days. Monroe's purchase near the 52-week high suggests conviction in the pending Amazon acquisition, which is expected to close following the definitive merger proxy filed in August.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GSAT was trading at $83.04 on NASDAQ in the Technology sector, with a market capitalization of approximately $10.8B. The 52-week trading range was $33.90 to $84.85. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.