David B. Kagan - 29 Aug 2023 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Reporting relationship: Chief Executive Officer
Issuer ticker: GSAT
Reported as of: 29 Aug 2023
Net transaction value: -$486,282
SEC form: 4
Accepted by SEC: 31 Aug 2023, 18:04:39 UTC
Prior SEC filing: 10 Aug 2023
Next SEC filing: 22 Jan 2024
Source filing: View source filing
Reporting owner signature: /s/ Arthur McMahon, III, attorney-in-fact for David B. Kagan

Key filing fact

David B. Kagan filed Form 4 for Globalstar, Inc. (GSAT) on 31 Aug 2023.

Key facts

This page summarizes David B. Kagan's Form 4 filing for Globalstar, Inc. (GSAT).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 31 Aug 2023, 18:04.

Change

Previous filing in this sequence was filed on 10 Aug 2023.
Current net transaction value: -$486,282.

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: +1,500,000
Change %: +38%
Price: $0.000000
Shares after: 5,446,465
Date: 29 Aug 2023
Ownership: Direct
Footnotes: F1, F2

GSAT transaction

Voting Common Stock

Tax liability

Transaction value: $486,282
Shares: -371,208
Change %: -6.8%
Price: $1.31
Shares after: 5,075,257
Date: 29 Aug 2023
Ownership: Direct
Footnotes: F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

David B. Kagan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Represents shares of restricted stock awarded in connection with the achievement of certain performance incentives.

Footnote F2

Includes 14,853 shares acquired under Globalstar's Employee Stock Purchase Plan on June 14, 2023.

Footnote F3

Shares automatically withheld, based on the fair market value of the Common Stock on August 29, 2023, to pay required withholding taxes upon the vesting of Restricted Stock Awards.