David Kagan - Aug 29, 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
Stock symbol: GSAT
Transactions as of: Aug 29, 2023
Transactions value $: -$486,282
Form type: 4
Date filed: 8/31/2023, 07:04 PM
Previous filing: Aug 10, 2023
Next filing: Jan 22, 2024
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	+1.5M	+38.01%	$0.00	5.45M	Aug 29, 2023	Direct	F1, F2
transaction	GSAT	Voting Common Stock	Tax liability	-$486K	-371K	-6.82%	$1.31	5.08M	Aug 29, 2023	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

David Kagan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Represents shares of restricted stock awarded in connection with the achievement of certain performance incentives.
F2	Includes 14,853 shares acquired under Globalstar's Employee Stock Purchase Plan on June 14, 2023.
F3	Shares automatically withheld, based on the fair market value of the Common Stock on August 29, 2023, to pay required withholding taxes upon the vesting of Restricted Stock Awards.