Rebecca Clary - 15 Nov 2022 Form 4 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
15 Nov 2022
Net transactions value
+$203,813
Form type
4
Filing time
17 Nov 2022, 14:36:28 UTC
Previous filing
06 May 2022
Next filing
05 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 $323,000 +170,000 +11% $1.90 1,721,859 15 Nov 2022 Direct F1, F2
transaction GSAT Voting Common Stock Tax liability $119,187 -62,730 -3.6% $1.90 1,659,129 15 Nov 2022 Direct F3
* 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 Includes 20,147 shares acquired under the Globalstar Employee Stock Purchase Plan on June 14, 2022.
F3 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.