Rebecca Clary - 06 Mar 2023 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
VP & Chief Financial Officer
Signature
/s/ Arthur McMahon, III, attorney-in-fact for Rebecca Clary
Issuer symbol
GSAT
Transactions as of
06 Mar 2023
Net transactions value
+$38,760
Form type
4
Filing time
08 Mar 2023, 19:15:19 UTC
Previous filing
02 Mar 2023
Next filing
05 Jun 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 $80,001 +68,966 +3.9% $1.16 1,843,673 06 Mar 2023 Direct F1
transaction GSAT Voting Common Stock Tax liability $41,240 -35,552 -1.9% $1.16 1,808,121 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.