Global Star Acquisition 1 LLC - Sep 19, 2022 Form 3 Insider Report for Global Star Acquisition Inc. (GLST)

Role: 10%+ Owner
Signature: /s/ Global Star Acquisition 1 LLC, by Nelson Mullins Riley & Scarborough LLP with Power of Attorney
Stock symbol: GLST
Transactions as of: Sep 19, 2022
Transactions value $: $0
Form type: 3
Date filed: 9/19/2022, 09:08 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	GLST	Class B Common Stock							Sep 19, 2022	Class A Common Stock	2.1M		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares of Class B common stock have no expiration date and will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment under the issuer's Amended and Restated Certificate of Incorporation filed as an exhibit to the issuer's registration statement on Form S-1 (File No. 333-266387).
F2	Includes up to 300,000 shares subject to forfeiture depending on the extent to which the underwriters' over-allotment option is exercised, if at all.
F3	This Form 3 is being filed by Global Star Acquisition 1 LLC, the sponsor of the issuer (the "Sponsor"). Anthony Ang, the issuer's chief executive officer and chairman, is the manager and member of the Sponsor. Mr. Ang may be deemed to beneficially own shares held by the Sponsor by virtue of his control over the Sponsor. Mr. Ang disclaims beneficial ownership of the shares of the issuer's Class B common stock held by the Sponsor, except to the extent of his respective pecuniary interest.