Paul E. Jacobs - Aug 29, 2023 Form 3 Insider Report for Globalstar, Inc. (GSAT)

Role
Chief Executive Officer, Director
Signature
Paul E. Jacobs
Stock symbol
GSAT
Transactions as of
Aug 29, 2023
Transactions value $
$0
Form type
3
Date filed
8/31/2023, 05:57 PM
Previous filing
May 22, 2023
Next filing
Sep 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GSAT Voting Common Stock 36.4M Aug 29, 2023 By XCOM Labs, Inc. F1, F2
holding GSAT Voting Common Stock 16.7M Aug 29, 2023 By Trust F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock acquired, before the reporting person's appointment as an officer and director of the issuer, by XCOM Labs, Inc. ("XCOM") in exchange for the grant to Globalstar, Inc. of a license to certain of XCOM's assets.
F2 Represents shares held by XCOM, a corporation controlled by the reporting person.
F3 Represents shares acquired, before the reporting person's appointment as an officer and director of the issuer, by The Paul Eric Jacobs Trust, DTD April 9, 2018 in consideration for forgiveness of debt owed by XCOM to the reporting person.
F4 Represents shares held by The Paul Eric Jacobs Trust, DTD April 9, 2018.