David B. Kagan - 06 Dec 2022 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Chief Executive Officer
Signature
/s/ Arthur McMahon, III, attorney-in-fact for David B. Kagan
Issuer symbol
GSAT
Transactions as of
06 Dec 2022
Net transactions value
+$157,620
Form type
4
Filing time
08 Dec 2022, 20:37:27 UTC
Previous filing
17 Nov 2022
Next filing
09 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 $212,400 +120,000 +3.4% $1.77 3,615,556 06 Dec 2022 Direct F1
transaction GSAT Voting Common Stock Tax liability $27,858 -15,739 -0.44% $1.77 3,599,817 06 Dec 2022 Direct F2
transaction GSAT Voting Common Stock Tax liability $26,922 -15,744 -0.44% $1.71 3,584,073 07 Dec 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of Restricted Stock under 2006 Equity Incentive Plan. One-third of the awarded shares vested immediately upon grant. One-third vests on the first anniversary of the grant date, and one-third vests on the second anniversary of the grant date.
F2 Shares automatically withheld, based on the fair market value of the Common Stock on December 6, 2022, to pay required withholding taxes upon the vesting of a Restricted Stock Award under the Company's Equity Incentive Plan. The full award was previously reported.
F3 Shares automatically withheld, based on the fair market value of the Common Stock on December 7, 2022, to pay required withholding taxes upon the vesting of a Restricted Stock Award under the Company's Equity Incentive Plan. The full award was previously reported.