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

Role: VP, Finance & Operations, Director
Signature: /s/ Arthur McMahon, III, attorney-in-fact for Timothy E. Taylor
Stock symbol: GSAT
Transactions as of: Jan 2, 2024
Transactions value $: $50,000
Form type: 4
Date filed: 1/4/2024, 04:28 PM
Previous filing: Jan 4, 2024
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	+0.82%	$1.87	3.31M	Jan 2, 2024	Direct	F1
holding	GSAT	Voting Common Stock						11.5M	Jan 2, 2024	By Thermo Investments III, LLC

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.