Rebecca Clary - Dec 1, 2023 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
VP & Chief Financial Officer
Signature
/s/ Arthur McMahon, III, attorney-in-fact for Rebecca Clary
Stock symbol
GSAT
Transactions as of
Dec 1, 2023
Transactions value $
-$116,250
Form type
4
Date filed
12/5/2023, 04:38 PM
Previous filing
Nov 17, 2023
Next filing
Dec 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Sale -$116K -75K -4.69% $1.55 1.52M Dec 1, 2023 Direct F1
* 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 June 28, 2023.