James Monroe III - 06 Jan 2025 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Director, 10%+ Owner
Signature
Kelly C. Simoneaux, attorney-in-fact for James Monroe III
Issuer symbol
GSAT
Transactions as of
06 Jan 2025
Net transactions value
$0
Form type
4
Filing time
07 Jan 2025, 17:28:04 UTC
Previous filing
30 Dec 2024
Next filing
18 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Award $0 +22,831 +3.5% $0.000000 676,499 06 Jan 2025 Direct F1
holding GSAT Voting Common Stock 197,139,972 06 Jan 2025 Thermo Funding Company
holding GSAT Voting Common Stock 12,334,090 06 Jan 2025 By Thermo Properties II, LLC
holding GSAT Voting Common Stock 640,750 06 Jan 2025 By FL Investment Holdings LLC
holding GSAT Voting Common Stock 8,708,254 06 Jan 2025 Thermo XCOM LLC
holding GSAT Voting Common Stock 880,621,127 06 Jan 2025 Thermo Funding II LLC
holding GSAT Voting Common Stock 3,000,000 06 Jan 2025 Monroe Irr. Educational Trust
holding GSAT Voting Common Stock 200,200 06 Jan 2025 By Thermo Investments Limited Partnership
holding GSAT Voting Common Stock 618,558 06 Jan 2025 By Globalstar Satellite L.P.
holding GSAT Voting Common Stock 29,334 06 Jan 2025 By James Monroe III Grantor Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GSAT Stock Option (Right to Buy) Award $0 +100,000 $0.000000 100,000 06 Jan 2025 Voting Common Stock 100,000 $2.19 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock under the Issuer's Equity Incentive Plan. The awarded shares vest on January 6, 2026.
F2 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.