David B. Kagan - 29 Aug 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
Issuer symbol
GSAT
Transactions as of
29 Aug 2023
Net transactions value
-$486,282
Form type
4
Filing time
31 Aug 2023, 18:04:39 UTC
Previous filing
10 Aug 2023
Next filing
22 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Award $0 +1,500,000 +38% $0.000000 5,446,465 29 Aug 2023 Direct F1, F2
transaction GSAT Voting Common Stock Tax liability $486,282 -371,208 -6.8% $1.31 5,075,257 29 Aug 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

David B. Kagan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares of restricted stock awarded in connection with the achievement of certain performance incentives.
F2 Includes 14,853 shares acquired under Globalstar's Employee Stock Purchase Plan on June 14, 2023.
F3 Shares automatically withheld, based on the fair market value of the Common Stock on August 29, 2023, to pay required withholding taxes upon the vesting of Restricted Stock Awards.