David Kagan - 15 Nov 2022 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Chief Executive Officer
Signature
/s/ Arthur McMahon, III, attorney-in-fact for David B. Kagan
Issuer symbol
GSAT
Transactions as of
15 Nov 2022
Net transactions value
+$308,343
Form type
4
Filing time
17 Nov 2022, 14:32:45 UTC
Previous filing
14 Sep 2022
Next filing
08 Dec 2022
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 $418,000 +220,000 +6.6% $1.90 3,553,270 15 Nov 2022 Direct F1
transaction GSAT Voting Common Stock Tax liability $109,657 -57,714 -1.6% $1.90 3,495,556 15 Nov 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Restricted Stock awarded in connection with the achievement of certain performance incentives. Two-thirds of the awarded shares vested immediately, and the remaining one-third vests on November 15, 2023.
F2 Shares withheld, based on the fair market value of the Voting Common Stock on the grant date, to pay withholding taxes on the portion of the award that vested immediately.