L. Barbee Ponder IV - 06 Mar 2023 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 Mar 2023
Net transactions value: +$104,137
Form type: 4
Filing time: 08 Mar 2023, 19:11:25 UTC
Previous filing: 09 Dec 2022
Next filing: 08 Nov 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	$156,800	+135,172	+6.2%	$1.16	2,320,655	06 Mar 2023	Direct	F1
transaction	GSAT	Voting Common Stock	Tax liability	$52,663	-45,399	-2%	$1.16	2,275,256	06 Mar 2023	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 which vested immediately upon the grant.
F2	Shares automatically withheld, based on the fair market value of the Common Stock on March 6, 2023, to pay required withholding taxes upon the vesting of the Restricted Stock Award reported above.