PAUL E. JACOBS - 29 Aug 2023 Form 3 Insider Report for Globalstar, Inc. (GSAT)

Role
Chief Executive Officer, Director
Signature
Paul E. Jacobs
Issuer symbol
GSAT
Transactions as of
29 Aug 2023
Transactions value $
$0
Form type
3
Filing time
31 Aug 2023, 18:57:17 UTC
Previous filing
22 May 2023
Next filing
27 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GSAT Voting Common Stock 36,387,976 29 Aug 2023 By XCOM Labs, Inc. F1, F2
holding GSAT Voting Common Stock 16,745,989 29 Aug 2023 By Trust F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock acquired, before the reporting person's appointment as an officer and director of the issuer, by XCOM Labs, Inc. ("XCOM") in exchange for the grant to Globalstar, Inc. of a license to certain of XCOM's assets.
F2 Represents shares held by XCOM, a corporation controlled by the reporting person.
F3 Represents shares acquired, before the reporting person's appointment as an officer and director of the issuer, by The Paul Eric Jacobs Trust, DTD April 9, 2018 in consideration for forgiveness of debt owed by XCOM to the reporting person.
F4 Represents shares held by The Paul Eric Jacobs Trust, DTD April 9, 2018.