James Monroe III - 09 May 2023 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Signature
/s/ Arthur McMahon, III, attorney-in-fact for James Monroe III
Issuer symbol
GSAT
Transactions as of
09 May 2023
Net transactions value
+$5,151,224
Form type
4
Filing time
11 May 2023, 17:25:27 UTC
Previous filing
05 Jan 2023
Next filing
17 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Purchase $2,910,000 +3,000,000 +3000% $0.9700 3,100,000 09 May 2023 By Thermo Properties II, LLC F1
transaction GSAT Voting Common Stock Purchase $1,539,450 +1,555,000 +50% $0.9900 4,655,000 10 May 2023 By Thermo Properties II, LLC F2
transaction GSAT Voting Common Stock Purchase $701,774 +708,863 +15% $0.9900 5,363,863 11 May 2023 By Thermo Properties II, LLC F3
holding GSAT Voting Common Stock 875,540,711 09 May 2023 Thermo Funding II LLC
holding GSAT Voting Common Stock 640,750 09 May 2023 By FL Investment Holdings LLC
holding GSAT Voting Common Stock 200,200 09 May 2023 By Thermo Investments Limited Partnership
holding GSAT Voting Common Stock 618,558 09 May 2023 By Globalstar Satellite L.P.
holding GSAT Voting Common Stock 626,930 09 May 2023 Direct
holding GSAT Voting Common Stock 197,139,972 09 May 2023 Thermo Funding Company
holding GSAT Voting Common Stock 29,334 09 May 2023 By James Monroe III Grantor Trust
holding GSAT Voting Common Stock 3,000,000 09 May 2023 Monroe Irr. Educational Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were purchased in multiple transactions at prices ranging from $0.93 to $1.02 per share. The price reported reflects the volume weighted average purchase 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 purchased at each separate price.
F2 The shares were purchased in multiple transactions at prices ranging from $0.99 to $1.00 per share. The price reported reflects the volume weighted average purchase 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 purchased at each separate price.
F3 The shares were purchased in multiple transactions at prices ranging from $0.98 to $1.00 per share. The price reported reflects the volume weighted average purchase 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 purchased at each separate price.