Rebecca Clary - Dec 31, 2021 Form 5 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 31, 2021
Transactions value $
-$7
Form type
5
Date filed
2/14/2022, 06:41 PM
Previous filing
Dec 13, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Options Exercise $28.7K +75K +5.01% $0.38 1.57M Sep 9, 2021 Direct
transaction GSAT Voting Common Stock Tax liability -$28.7K -11.1K -0.7% $2.58 1.57M Sep 9, 2021 Direct F1
transaction GSAT Voting Common Stock Options Exercise $15.3K +25K +1.62% $0.61 1.57M Oct 12, 2021 Direct
transaction GSAT Voting Common Stock Tax liability -$15.3K -9.66K -0.61% $1.58 1.57M Oct 12, 2021 Direct F2

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
transaction GSAT Stock Option (Right to Buy) Options Exercise $0 -75K -100% $0.00* 0 Sep 9, 2021 Voting Common Stock 75K $0.38 Direct
transaction GSAT Stock Option (Right to Buy) Options Exercise $0 -25K -100% $0.00* 0 Oct 12, 2021 Voting Common Stock 25K $0.61 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects 11,105 shares withheld by the Company at the market price of $2.58 per share less an exercise price of $0.382 per share to fund the cashless exercise of 75,000 options awarded under the Company's Equity Incentive Plan. The full award was previously reported.
F2 Reflects 9,656 shares withheld by the Company at the market price of $1.58 per share less an exercise price of $0.61 per share to fund the cashless exercise of 25,000 options awarded under the Company's Equity Incentive Plan. The full award was previously reported.