Paul E. Jacobs - 06 Jan 2025 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: GSAT
Reported as of: 06 Jan 2025
Net transaction value: -$31,840
SEC form: 4
Accepted by SEC: 07 Jan 2025, 17:25:18 UTC
Prior SEC filing: 01 Jul 2024
Next SEC filing: 12 Mar 2025
Source filing: View source filing
Reporting owner signature: Kelly C. Simoneaux, attorney-in-fact for Paul E. Jacobs

Key filing fact

Paul E. Jacobs filed Form 4 for Globalstar, Inc. (GSAT) on 07 Jan 2025.

Key facts

This page summarizes Paul E. Jacobs's Form 4 filing for Globalstar, Inc. (GSAT).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 07 Jan 2025, 17:25.

Change

Previous filing in this sequence was filed on 01 Jul 2024.
Current net transaction value: -$31,840.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GSAT transaction

Voting Common Stock

Award

Transaction value: $0
Shares: +22,831
Change %: +30%
Price: $0.000000
Shares after: 99,354
Date: 06 Jan 2025
Ownership: Direct
Footnotes: F1

GSAT transaction

Voting Common Stock

Sale

Transaction value: $31,840
Shares: -14,539
Change %: -15%
Price: $2.19
Shares after: 84,815
Date: 06 Jan 2025
Ownership: Direct
Footnotes: F2

GSAT holding

Voting Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,143,182
Date: 06 Jan 2025
Ownership: By Virewirx, Inc. (f/k/a XCOM Labs, Inc.)

GSAT holding

Voting Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 16,745,989
Date: 06 Jan 2025
Ownership: By Trust

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GSAT transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +100,000
Change %
Price: $0.000000
Shares after: 100,000
Date: 06 Jan 2025
Ownership: Direct
Underlying class: Voting Common Stock
Underlying amount: 100,000
Exercise price: $2.19
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Represents an award of restricted stock under the Issuer's Equity Incentive Plan. The awarded shares vest on January 6, 2026.

Footnote F2

Shares sold to cover taxes due upon the vesting of restricted stock granted in January 2024.

Footnote F3

Represents an award under the Issuer's Equity Incentive Plan. The awarded options vest and become exercisable as to one third on each of January 6, 2026, 2027, and 2028.