Rebecca Clary - Nov 15, 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
Stock symbol
GSAT
Transactions as of
Nov 15, 2022
Transactions value $
$203,813
Form type
4
Date filed
11/17/2022, 02:36 PM
Previous filing
May 6, 2022
Next filing
Dec 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Award $323K +170K +10.95% $1.90 1.72M Nov 15, 2022 Direct F1, F2
transaction GSAT Voting Common Stock Tax liability -$119K -62.7K -3.64% $1.90 1.66M Nov 15, 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.