Rebecca Clary - Sep 3, 2024 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Signature
/s/ Arthur McMahon, III, attorney-in-fact for Rebecca Clary
Stock symbol
GSAT
Transactions as of
Sep 3, 2024
Transactions value $
-$93,750
Form type
4
Date filed
9/4/2024, 04:18 PM
Previous filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Sale -$93.8K -75K -5.02% $1.25 1.42M Sep 3, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 28, 2023.