L. Barbee Ponder IV - 06 Dec 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: 06 Dec 2022
Net transactions value: +$170,149
Form type: 4
Filing time: 08 Dec 2022, 20:38:52 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	+5.7%	$1.77	2,221,904	06 Dec 2022	Direct	F1
transaction	GSAT	Voting Common Stock	Tax liability	$21,486	-12,139	-0.55%	$1.77	2,209,765	06 Dec 2022	Direct	F2
transaction	GSAT	Voting Common Stock	Tax liability	$20,765	-12,143	-0.55%	$1.71	2,197,622	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.