Rebecca Clary - 31 Dec 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
Issuer symbol
GSAT
Transactions as of
31 Dec 2021
Net transactions value
-$7.38
Form type
5
Filing time
14 Feb 2022, 18:41:26 UTC
Previous filing
13 Dec 2021
Next filing
03 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Options Exercise $28,650 +75,000 +5% $0.3820 1,571,268 09 Sep 2021 Direct
transaction GSAT Voting Common Stock Tax liability $28,651 -11,105 -0.7% $2.58 1,571,268 09 Sep 2021 Direct F1
transaction GSAT Voting Common Stock Options Exercise $15,250 +25,000 +1.6% $0.6100 1,571,268 12 Oct 2021 Direct
transaction GSAT Voting Common Stock Tax liability $15,256 -9,656 -0.61% $1.58 1,571,268 12 Oct 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 -75,000 -100% $0.000000* 0 09 Sep 2021 Voting Common Stock 75,000 $0.3820 Direct
transaction GSAT Stock Option (Right to Buy) Options Exercise $0 -25,000 -100% $0.000000* 0 12 Oct 2021 Voting Common Stock 25,000 $0.6100 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.