James Monroe III - Jan 2, 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
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
Dec 8, 2023
Next filing
Jul 1, 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 +4.26% $1.87 654K Jan 2, 2024 Direct F1
holding GSAT Voting Common Stock 6.3M Jan 2, 2024 By Thermo Properties II, LLC
holding GSAT Voting Common Stock 197M Jan 2, 2024 Thermo Funding Company
holding GSAT Voting Common Stock 881M Jan 2, 2024 Thermo Funding II LLC
holding GSAT Voting Common Stock 641K Jan 2, 2024 By FL Investment Holdings LLC
holding GSAT Voting Common Stock 4.2M Jan 2, 2024 Thermo XCOM LLC
holding GSAT Voting Common Stock 3M Jan 2, 2024 Monroe Irr. Educational Trust
holding GSAT Voting Common Stock 200K Jan 2, 2024 By Thermo Investments Limited Partnership
holding GSAT Voting Common Stock 619K Jan 2, 2024 By Globalstar Satellite L.P.
holding GSAT Voting Common Stock 29.3K Jan 2, 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 +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.