Paul E. Jacobs - Aug 29, 2023 Form 4 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 $
-$41,285,796
Form type
4
Date filed
8/31/2023, 05:59 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
transaction GSAT Voting Common Stock Sale -$41.3M -36.4M -100% $1.13 1 Aug 29, 2023 By XCOM Labs, Inc. F1, F2
holding GSAT Voting Common Stock 16.7M Aug 29, 2023 By Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold by XCOM Labs, Inc. ("XCOM") in a private placement to purchasers, including an affiliate of the Thermo Companies, which are controlled by James Monroe, III, the issuer's Executive Chairman, in connection with the Intellectual Property License Agreement and other transactions disclosed in the Form 8-K filed with the Commission on August 31, 2023.
F2 Represents shares held by XCOM, a corporation controlled by the reporting person.
F3 Represents shares held by The Paul Eric Jacobs Trust, DTD April 9, 2018.