L. Barbee Ponder IV - Dec 7, 2023 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
General Counsel
Signature
/s/ Arthur McMahon, III, attorney-in-fact for L. Barbee Ponder IV
Stock symbol
GSAT
Transactions as of
Dec 7, 2023
Transactions value $
$131,885
Form type
4
Date filed
12/11/2023, 09:54 PM
Previous filing
Dec 8, 2023
Next filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Award $176K +120K +5.9% $1.47 2.16M Dec 7, 2023 Direct F1
transaction GSAT Voting Common Stock Tax liability -$26.7K -18.1K -0.84% $1.47 2.14M Dec 7, 2023 Direct F2
transaction GSAT Voting Common Stock Tax liability -$17.9K -12.1K -0.57% $1.47 2.13M Dec 8, 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.