James F. Lynch - 03 Jan 2023 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role: Director
Signature: /s/ Arthur McMahon, III, attorney in fact for James F. Lynch
Issuer symbol: GSAT
Transactions as of: 03 Jan 2023
Net transactions value: +$50,001
Form type: 4
Filing time: 05 Jan 2023, 18:10:55 UTC
Previous filing: 06 Jan 2022
Next filing: 07 Sep 2023
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	$50,001	+38,462	+5%	$1.30	806,930	03 Jan 2023	Direct	F1
holding	GSAT	Voting Common Stock						12,371,136	03 Jan 2023	By Thermo Investments II LLC

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	+100,000		$0.000000	100,000	03 Jan 2023	Voting Common Stock	100,000	$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.