L. Barbee Ponder IV - Dec 6, 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
Stock symbol
GSAT
Transactions as of
Dec 6, 2022
Transactions value $
$170,149
Form type
4
Date filed
12/8/2022, 08:38 PM
Previous filing
Nov 17, 2022
Next filing
Dec 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Award $212K +120K +5.71% $1.77 2.22M Dec 6, 2022 Direct F1
transaction GSAT Voting Common Stock Tax liability -$21.5K -12.1K -0.55% $1.77 2.21M Dec 6, 2022 Direct F2
transaction GSAT Voting Common Stock Tax liability -$20.8K -12.1K -0.55% $1.71 2.2M Dec 7, 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.