PAUL E. JACOBS - 29 Aug 2023 Form 4 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 $
-$41,285,796
Form type
4
Filing time
31 Aug 2023, 18:59:49 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
transaction GSAT Voting Common Stock Sale -$41,285,796 -36,387,975 -100% $1.13 1 29 Aug 2023 By XCOM Labs, Inc. F1, F2
holding GSAT Voting Common Stock 16,745,989 29 Aug 2023 By Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold by XCOM Labs, Inc. ("XCOM") in a private placement to purchasers, including an affiliate of the Thermo Companies, which are controlled by James Monroe, III, the issuer's Executive Chairman, in connection with the Intellectual Property License Agreement and other transactions disclosed in the Form 8-K filed with the Commission on August 31, 2023.
F2 Represents shares held by XCOM, a corporation controlled by the reporting person.
F3 Represents shares held by The Paul Eric Jacobs Trust, DTD April 9, 2018.