Rebecca Clary - Dec 6, 2021 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
VP & Chief Financial Officer
Signature
/s/ Arthur McMahon, III, attorney-in-fact for Rebecca Clary
Stock symbol
GSAT
Transactions as of
Dec 6, 2021
Transactions value $
-$29,990
Form type
4
Date filed
12/8/2021, 05:04 PM
Next filing
Dec 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Tax liability -$14.5K -11.8K -0.8% $1.23 1.46M Dec 6, 2021 Direct F1, F2
transaction GSAT Voting Common Stock Tax liability -$15.5K -11.8K -0.8% $1.32 1.45M Dec 7, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares automatically withheld, based on the fair market value of the Common Stock on December 6, 2021, to pay required withholding taxes upon the vesting of a Restricted Stock Award under the Company's Equity Incentive Plan. The full award was previously reported.
F2 Includes 47,525 shares acquired under the Globalstar Employee Stock Purchase Plan on June 14, 2021, 63,895 shares acquired upon exercise of previously stock options under the Company's Equity Incentive Plan on September 9, 2021, and 15,344 shares acquired upon exercise of previously stock options under the Company's Equity Incentive Plan on October 12, 2021.
F3 Shares automatically withheld, based on the fair market value of the Common Stock on December 7, 2021, to pay required withholding taxes upon the vesting of a Restricted Stock Award under the Company's Equity Incentive Plan. The full award was previously reported.