Timothy E. Taylor - Mar 15, 2023 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Director
Signature
Arthur McMahon III, attorney-in-fact
Stock symbol
GSAT
Transactions as of
Mar 15, 2023
Transactions value $
-$833,450
Form type
4
Date filed
3/23/2023, 03:11 PM
Previous filing
Mar 8, 2023
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Sale -$419K -395K -3.03% $1.06 12.6M Mar 15, 2023 By Thermo Investments III, LLC F1, F2
transaction GSAT Voting Common Stock Sale -$415K -395K -3.12% $1.05 12.3M Mar 16, 2023 By Thermo Investments III, LLC F1, F3
holding GSAT Voting Common Stock 3.09M Mar 15, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 28, 2022.
F2 The shares were sold in multiple transactions at prices ranging from $1.015 to $1.145 per share. The price reported reflects the volume weighted average price for the transactions. The reporting personundertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F3 The shares were sold in multiple transactions at prices ranging from $1.03 to $1.07 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.