Paul E. Jacobs - Jan 2, 2024 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Chief Executive Officer, Director
Signature
/s/ Paul E. Jacobs
Stock symbol
GSAT
Transactions as of
Jan 2, 2024
Transactions value $
$50,000
Form type
4
Date filed
1/4/2024, 04:27 PM
Previous filing
Sep 27, 2023
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Award $50K +26.7K $1.87 26.7K Jan 2, 2024 Direct F1
holding GSAT Voting Common Stock 1 Jan 2, 2024 By XCOM Labs, Inc.
holding GSAT Voting Common Stock 16.7M Jan 2, 2024 By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GSAT Stock Option (Right to Buy) Award $0 +100K $0.00 100K Jan 2, 2024 Voting Common Stock 100K $1.87 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock under the Issuer's Equity Incentive Plan. The awarded shares vest on January 2, 2025.
F2 Represents an award under the Issuer's Equity Incentive Plan. The awarded options vest and become exercisable as to one third on each of January 2, 2025, 2026, and 2027.