A $30M open-market purchase by a director/10% owner is a rare and powerful signal. Monitor for any subsequent 8-K or press release that may have prompted the buy — potential catalyst could be upcoming earnings, a new contract (Globalstar is a satellite communications company with government and commercial customers), or a strategic partnership. The purchase size suggests the insider expects material positive news within weeks to months.
Price Chart
Executive Summary
Director and 10% owner Monroe James III purchased $29.84M of GSAT stock on the open market at $82.52/share on September 18, 2026. This is a massive conviction buy — the largest single-insider open-market purchase by dollar value in the filing window — representing a strong bullish signal from an insider with both board and ownership stakes.
Key Financial Metrics
Key Facts
- Director and 10% owner Monroe James III bought 361,600 shares at $82.52 for $29.84M total
- Purchase was open-market (code P) — not a grant, option exercise, or tax withholding
- Transaction date: September 18, 2026
- At a market cap of ~$15.5B (implied from 188M shares × $82.52), the purchase represents ~0.19% of market cap — modest by percentage but enormous in absolute dollars
- This is a single-insider conviction buy, not a cluster; the OFFICER/10%-OWNER OPEN-MARKET BUY rule applies (≥$100K threshold exceeded by 298x)
Financial Impact
$29.84M insider purchase — 0.19% of market cap
Risk Factors
- Insider buys can be timed around known catalysts — the purchase may already be priced in
- Single-insider buys, while strong, carry less weight than a C-suite cluster
- No 10b5-1 plan indicated, but the insider may have other liquidity needs
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0001379664-26-000002 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 21, 2026 5w ago | Insider Cluster | $82.52 $83.40 | ▲ +1.07% | ▲ +1.63% | $83.90 (+1.67%) |
Sep 21, 2026 5w ago | Insider Cluster | $82.52 $83.40 | ▲ +1.07% | ▲ +1.63% | $83.90 (+1.67%) |
Sep 21, 2026 5w ago | Insider Buy | $82.52 $83.40 | ▲ +1.07% | ▲ +1.63% | $83.90 (+1.67%) |
Aug 28, 2026 8w ago | Insider Cluster | $81.55 $82.45 | ▲ +1.10% | ▲ +1.04% | $83.90 (+2.88%) |
Aug 26, 2026 8w ago | Insider Cluster | $82.05 $82.46 | ▼ −0.50% | ▼ −1.01% | $83.90 (−2.25%) |
Aug 24, 2026 9w ago | Insider Cluster | $82.03 $82.50 | ▲ +0.57% | ▲ +0.32% | $83.90 (+2.28%) |
Aug 17, 2026 10w ago | Insider Cluster | $82.89 $81.90 | ▲ +1.19% | ▼ −0.55% | $83.90 (−1.22%) |
Aug 13, 2026 10w ago | Insider Cluster | $82.39 $81.99 | ▲ +0.49% | ▼ −1.51% | $83.90 (−1.83%) |
Aug 12, 2026 10w ago | Insider Cluster | $82.61 $82.48 | ▲ +0.16% | ▼ −1.59% | $83.90 (−1.56%) |
Aug 6, 2026 11w ago | 8-K | $83.24 $81.98 | ▼ −1.51% | ▼ −2.11% | $83.90 (+0.79%) |
US Market Status
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