L. Barbee Ponder IV - 15 Nov 2022 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role: General Counsel
Signature: /s/ Arthur McMahon, III, attorney-in-fact for L. Barbee Ponder IV
Issuer symbol: GSAT
Transactions as of: 15 Nov 2022
Net transactions value: +$333,423
Form type: 4
Filing time: 17 Nov 2022, 14:34:34 UTC
Previous filing: 14 Sep 2022
Next filing: 08 Dec 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	Award	$418,000	+220,000	+14%	$1.90	1,846,418	15 Nov 2022	Direct	F1
transaction	GSAT	Voting Common Stock	Tax liability	$84,577	-44,514	-2.4%	$1.90	1,801,904	15 Nov 2022	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents shares of Restricted Stock awarded in connection with the achievement of certain performance incentives. Two-thirds of the awarded shares vested immediately, and the remaining one-third vests on November 15, 2023.
F2	Shares withheld, based on the fair market value of the Voting Common Stock on the grant date, to pay withholding taxes on the portion of the award that vested immediately.