David Kagan - 06 Mar 2023 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
06 Mar 2023
Transactions value $
-$231,377
Form type
4
Filing time
14 Mar 2023, 10:41:29 UTC
Previous filing
31 Jan 2023
Next filing
10 Aug 2023
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 +500,000 +14% $0 4,131,075 06 Mar 2023 Direct F1
transaction GSAT Voting Common Stock Tax liability -$231,377 -199,463 -4.8% $1.16 3,931,612 06 Mar 2023 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. 250,000 shares were granted on December 6, 2017. 250,000 additional shares were granted on September 4, 2018.
F2 Shares automatically withheld, based on the fair market value of the Common Stock on March 6, 2023, to pay required withholding taxes upon the vesting of the Restricted Stock Award reported above.