Michael J. Lovett - Jan 3, 2023 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Director
Signature
Arthur McMahon III, attorney-in-fact
Stock symbol
GSAT
Transactions as of
Jan 3, 2023
Transactions value $
$50,001
Form type
4
Date filed
1/5/2023, 06:05 PM
Previous filing
Nov 16, 2022
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Award $50K +38.5K +6.54% $1.30 627K Jan 3, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GSAT Stock Option (Right to Buy) Award $0 +100K $0.00 100K Jan 3, 2023 Voting Common Stock 100K $1.30 Direct F2
* 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. Award vests on January 3, 2024.
F2 Award under 2006 Equity Incentive Plan. Award vests and becomes exercisable as to one third on each of January 3, 2024, January 3, 2025 and January 3, 2026.