Paul E. Jacobs - Mar 5, 2024 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Chief Executive Officer, Director
Signature
/s/ Arthur McMahon, III attorney-in-fact for Dr. Paul E. Jacobs
Stock symbol
GSAT
Transactions as of
Mar 5, 2024
Transactions value $
$66,214
Form type
4
Date filed
3/7/2024, 08:52 PM
Previous filing
Jan 4, 2024
Next filing
May 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Award $170K +128K +478.05% $1.33 155K Mar 5, 2024 Direct F1
transaction GSAT Voting Common Stock Tax liability -$104K -78K -50.49% $1.33 76.5K Mar 5, 2024 Direct F2
holding GSAT Voting Common Stock 1 Mar 5, 2024 By XCOM Labs, Inc. F3
holding GSAT Voting Common Stock 16.7M Mar 5, 2024 By Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of Restricted Stock under Globalstar, Inc.'s Equity Incentive Plan, which vested immediately upon the grant.
F2 Shares automatically withheld, based on the fair market value of the Common Stock on the vesting date, to pay required withholding taxes upon the vesting of the Restricted Stock Award reported above.
F3 Represents shares held by XCOM, a corporation controlled by the reporting person.
F4 Represents shares acquired by The Paul Eric Jacobs Trust, DTD April 9, 2018 in exchange for forgiveness of XCOM debt.