PAUL E. JACOBS - 02 Jan 2024 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Chief Executive Officer, Director
Signature
/s/ Paul E. Jacobs
Issuer symbol
GSAT
Transactions as of
02 Jan 2024
Transactions value $
$50,000
Form type
4
Filing time
04 Jan 2024, 16:27:37 UTC
Previous filing
27 Sep 2023
Next filing
07 Mar 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 $50,000 +26,738 $1.87 26,738 02 Jan 2024 Direct F1
holding GSAT Voting Common Stock 1 02 Jan 2024 By XCOM Labs, Inc.
holding GSAT Voting Common Stock 16,745,989 02 Jan 2024 By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GSAT Stock Option (Right to Buy) Award $0 +100,000 $0 100,000 02 Jan 2024 Voting Common Stock 100,000 $1.87 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock under the Issuer's Equity Incentive Plan. The awarded shares vest on January 2, 2025.
F2 Represents an award under the Issuer's Equity Incentive Plan. The awarded options vest and become exercisable as to one third on each of January 2, 2025, 2026, and 2027.