Rebecca Clary - 07 Dec 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
Issuer symbol
GSAT
Transactions as of
07 Dec 2023
Net transactions value
+$131,885
Form type
4
Filing time
11 Dec 2023, 21:53:47 UTC
Previous filing
08 Dec 2023
Next filing
18 Dec 2023
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 $176,400 +120,000 +8% $1.47 1,624,778 07 Dec 2023 Direct F1
transaction GSAT Voting Common Stock Tax liability $26,664 -18,139 -1.1% $1.47 1,606,639 07 Dec 2023 Direct F2
transaction GSAT Voting Common Stock Tax liability $17,850 -12,143 -0.76% $1.47 1,594,496 08 Dec 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of Restricted Stock under 2006 Equity Incentive Plan. One-third of the awarded shares vested immediately. The remaining two-thirds vests in equal amounts on first and second anniversary of the grant date.
F2 Shares automatically withheld, based on the fair market value of the Common Stock on December 7, 2023, to pay required withholding taxes upon the vesting of the Restricted Stock Award reported above.
F3 Shares automatically withheld, based on the fair market value of the Common Stock on December 8, 2023, to pay required withholding taxes upon the vesting of the Restricted Stock Award previously reported.