James Monroe III - Jan 3, 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
Stock symbol: GSAT
Transactions as of: Jan 3, 2023
Transactions value $: $50,001
Form type: 4
Date filed: 1/5/2023, 06:14 PM
Previous filing: Sep 16, 2022
Next filing: May 11, 2023

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
holding	GSAT	Voting Common Stock						876M	Jan 3, 2023	Thermo Funding II LLC
holding	GSAT	Voting Common Stock						641K	Jan 3, 2023	By FL Investment Holdings LLC
holding	GSAT	Voting Common Stock						100K	Jan 3, 2023	By Thermo Properties II, LLC
holding	GSAT	Voting Common Stock						619K	Jan 3, 2023	By Globalstar Satellite L.P.
holding	GSAT	Voting Common Stock						197M	Jan 3, 2023	Thermo Funding Company
holding	GSAT	Voting Common Stock						3M	Jan 3, 2023	Monroe Irr. Educational Trust
holding	GSAT	Voting Common Stock						200K	Jan 3, 2023	By Thermo Investments Limited Partnership
holding	GSAT	Voting Common Stock						29.3K	Jan 3, 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	+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.