Key facts
- This page summarizes Paul E. Jacobs's Form 4 filing for Globalstar, Inc. (GSAT).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 01 Jul 2024, 12:30.
Paul E. Jacobs - 28 Jun 2024 Form 4 Insider Report for Globalstar, Inc. (GSAT)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- GSAT
- Reported as of
- 28 Jun 2024
- Net transaction value
- +$3,344,659
- SEC form
- 4
- Accepted by SEC
- 01 Jul 2024, 12:30:40 UTC
- Prior SEC filing
- 20 May 2024
- Next SEC filing
- 07 Jan 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Paul E. Jacobs
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Paul E. Jacobs filed Form 4 for Globalstar, Inc. (GSAT) on 01 Jul 2024.
Change
- Previous filing in this sequence was filed on 20 May 2024.
- Current net transaction value: +$3,344,659.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GSAT
transaction
Voting Common Stock
Other
- Transaction value
- $8,144,660
- Shares
- +7,654,036
- Change %
- +765403600%
- Price
- $1.06
- Shares after
- 7,654,037
- Date
- 28 Jun 2024
- Ownership
- By Virewirx, Inc. (f/k/a XCOM Labs, Inc.)
- Footnotes
- F1, F2, F3
GSAT
transaction
Voting Common Stock
Sale
- Transaction value
- $4,800,001
- Shares
- -4,510,855
- Change %
- -59%
- Price
- $1.06
- Shares after
- 3,143,182
- Date
- 28 Jun 2024
- Ownership
- By Virewirx, Inc. (f/k/a XCOM Labs, Inc.)
- Footnotes
- F4, F5
GSAT
holding
Voting Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 76,523
- Date
- 28 Jun 2024
- Ownership
- Direct
GSAT
holding
Voting Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 16,745,989
- Date
- 28 Jun 2024
- Ownership
- By Trust
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Represents (i) 7,048,210 shares acquired as fees payable under the Support Services Agreement and (ii) 605,826 shares acquired as Holdback Shares under the Intellectual Property License Agreement, as more fully explained in the Issuer's Current Report on Form 8-K filed with the Commission on August 31, 2023 (collectively, the "Issuance"). The Issuance is exempt from Section 16(b).
Footnote F2
Represents the volume weighted average price ("VWAP") of the Common Stock for the ten trading days immediately preceding June 28, 2024, as provided in the Support Services Agreement.
Footnote F3
Represents shares held by Virewirx, Inc. (f/k/a XCom Labs, Inc.) ("XCom"), a corporation controlled by the reporting person.
Footnote F4
Represents shares sold by XCom in a private placement to an affiliate of the Thermo Companies, which are controlled by James Monroe, III, the Issuer's Executive Chairman.
Footnote F5
Represents the VWAP 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.