Michael J. Lovett - Jan 2, 2024 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Director
Signature
/s/ Arthur McMahon, III attorney-in-fact for Michael J. Lovett
Stock symbol
GSAT
Transactions as of
Jan 2, 2024
Transactions value $
$50,000
Form type
4
Date filed
1/4/2024, 04:29 PM
Previous filing
Jan 5, 2023

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

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.