James Monroe III - 28 Jun 2024 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Signature
/s/ Arthur McMahon, III, attorney-in-fact for James Monroe III
Issuer symbol
GSAT
Transactions as of
28 Jun 2024
Net transactions value
+$4,800,001
Form type
4
Filing time
01 Jul 2024, 10:30:12 UTC
Previous filing
04 Jan 2024
Next filing
13 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Purchase $4,800,001 +4,510,855 +107% $1.06 8,708,254 28 Jun 2024 Thermo XCOM LLC F1, F2
holding GSAT Voting Common Stock 880,621,127 28 Jun 2024 Thermo Funding II LLC
holding GSAT Voting Common Stock 3,000,000 28 Jun 2024 Monroe Irr. Educational Trust
holding GSAT Voting Common Stock 197,139,972 28 Jun 2024 Thermo Funding Company
holding GSAT Voting Common Stock 6,304,090 28 Jun 2024 By Thermo Properties II, LLC
holding GSAT Voting Common Stock 640,750 28 Jun 2024 By FL Investment Holdings LLC
holding GSAT Voting Common Stock 200,200 28 Jun 2024 By Thermo Investments Limited Partnership
holding GSAT Voting Common Stock 618,558 28 Jun 2024 By Globalstar Satellite L.P.
holding GSAT Voting Common Stock 29,334 28 Jun 2024 By James Monroe III Grantor Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares purchased from Virewirx, Inc. (f/k/a XCom Labs, Inc.) ("XCom") in a private placement, which shares were acquired by XCom as fees payable under the Support Services Agreement and related Intellectual Property License Agreement as more fully explained in the Issuer's Current Report on Form 8-K filed with the Commission August 31, 2023.
F2 Represents the volume weighted average price of the Common Stock for the ten trading days immediately preceding June 28, 2024, which was the price at which XCom acquired the shares pursuant to the Support Services Agreement.