James Monroe III - 02 Jan 2024 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role: Director, 10%+ Owner
Signature: /s/ Arthur McMahon, III, attorney-in-fact for James Monroe III
Issuer symbol: GSAT
Transactions as of: 02 Jan 2024
Net transactions value: +$50,000
Form type: 4
Filing time: 04 Jan 2024, 16:27:51 UTC
Previous filing: 08 Dec 2023
Next filing: 01 Jul 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	$50,000	+26,738	+4.3%	$1.87	653,668	02 Jan 2024	Direct	F1
holding	GSAT	Voting Common Stock						6,304,090	02 Jan 2024	By Thermo Properties II, LLC
holding	GSAT	Voting Common Stock						197,139,972	02 Jan 2024	Thermo Funding Company
holding	GSAT	Voting Common Stock						880,621,127	02 Jan 2024	Thermo Funding II LLC
holding	GSAT	Voting Common Stock						640,750	02 Jan 2024	By FL Investment Holdings LLC
holding	GSAT	Voting Common Stock						4,197,399	02 Jan 2024	Thermo XCOM LLC
holding	GSAT	Voting Common Stock						3,000,000	02 Jan 2024	Monroe Irr. Educational Trust
holding	GSAT	Voting Common Stock						200,200	02 Jan 2024	By Thermo Investments Limited Partnership
holding	GSAT	Voting Common Stock						618,558	02 Jan 2024	By Globalstar Satellite L.P.
holding	GSAT	Voting Common Stock						29,334	02 Jan 2024	By James Monroe III Grantor 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	+100,000		$0.000000	100,000	02 Jan 2024	Voting Common Stock	100,000	$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.