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

Role
Director, 10%+ Owner
Signature
/s/ Arthur McMahon, III, attorney-in-fact for James Monroe III
Issuer symbol
GSAT
Transactions as of
03 Jan 2023
Net transactions value
+$50,001
Form type
4
Filing time
05 Jan 2023, 18:14:57 UTC
Previous filing
16 Sep 2022
Next filing
11 May 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 +6.5% $1.30 626,930 03 Jan 2023 Direct F1
holding GSAT Voting Common Stock 875,540,711 03 Jan 2023 Thermo Funding II LLC
holding GSAT Voting Common Stock 640,750 03 Jan 2023 By FL Investment Holdings LLC
holding GSAT Voting Common Stock 100,000 03 Jan 2023 By Thermo Properties II, LLC
holding GSAT Voting Common Stock 618,558 03 Jan 2023 By Globalstar Satellite L.P.
holding GSAT Voting Common Stock 197,139,972 03 Jan 2023 Thermo Funding Company
holding GSAT Voting Common Stock 3,000,000 03 Jan 2023 Monroe Irr. Educational Trust
holding GSAT Voting Common Stock 200,200 03 Jan 2023 By Thermo Investments Limited Partnership
holding GSAT Voting Common Stock 29,334 03 Jan 2023 By James Monroe III Grantor Trust

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.