David Kagan - Mar 6, 2023 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Chief Executive Officer
Signature
/s/ Arthur McMahon, III, attorney-in-fact for David B. Kagan
Stock symbol
GSAT
Transactions as of
Mar 6, 2023
Transactions value $
$72,780
Form type
4
Date filed
3/8/2023, 07:17 PM
Previous filing
Jan 31, 2023
Next filing
Aug 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Award $120K +103K +2.9% $1.16 3.67M Mar 6, 2023 Direct F1
transaction GSAT Voting Common Stock Tax liability -$47.2K -40.7K -1.11% $1.16 3.63M Mar 6, 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.