James Monroe III - Jun 28, 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
Jun 28, 2024
Transactions value $
$4,800,001
Form type
4
Date filed
7/1/2024, 10:30 AM
Previous filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Purchase $4.8M +4.51M +107.47% $1.06 8.71M Jun 28, 2024 Thermo XCOM LLC F1, F2
holding GSAT Voting Common Stock 881M Jun 28, 2024 Thermo Funding II LLC
holding GSAT Voting Common Stock 3M Jun 28, 2024 Monroe Irr. Educational Trust
holding GSAT Voting Common Stock 197M Jun 28, 2024 Thermo Funding Company
holding GSAT Voting Common Stock 6.3M Jun 28, 2024 By Thermo Properties II, LLC
holding GSAT Voting Common Stock 641K Jun 28, 2024 By FL Investment Holdings LLC
holding GSAT Voting Common Stock 200K Jun 28, 2024 By Thermo Investments Limited Partnership
holding GSAT Voting Common Stock 619K Jun 28, 2024 By Globalstar Satellite L.P.
holding GSAT Voting Common Stock 29.3K Jun 28, 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.