Michael J. Lovett - 02 Jan 2024 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Reporting relationship: Director
Issuer ticker: GSAT
Reported as of: 02 Jan 2024
Net transaction value: +$50,000
SEC form: 4
Accepted by SEC: 04 Jan 2024, 16:29:59 UTC
Prior SEC filing: 05 Jan 2023
Source filing: View source filing
Reporting owner signature: /s/ Arthur McMahon, III attorney-in-fact for Michael J. Lovett

Key filing fact

Michael J. Lovett filed Form 4 for Globalstar, Inc. (GSAT) on 04 Jan 2024.

Key facts

This page summarizes Michael J. Lovett's Form 4 filing for Globalstar, Inc. (GSAT).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 04 Jan 2024, 16:29.

Change

Previous filing in this sequence was filed on 05 Jan 2023.
Current net transaction value: +$50,000.

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: $50,000
Shares: +26,738
Change %: +4.3%
Price: $1.87
Shares after: 653,667
Date: 02 Jan 2024
Ownership: Direct
Footnotes: F1

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: 02 Jan 2024
Ownership: Direct
Underlying class: Voting Common Stock
Underlying amount: 100,000
Exercise price: $1.87
Footnotes: F2

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Represents an award of restricted stock under the Issuer's Equity Incentive Plan. The awarded shares vest on January 2, 2025.

Footnote 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 2, 2025, 2026, and 2027.