| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GSAT | Voting Common Stock | Other | $8,144,659 | +7,654,036 | +7,654,036% | $1.06 | 7,654,037 | 28 Jun 2024 | By Virewirx, Inc. (f/k/a XCOM Labs, Inc.) | F1, F2, F3 |
| transaction | GSAT | Voting Common Stock | Sale | -$4,800,000 | -4,510,855 | -58.93% | $1.06 | 3,143,182 | 28 Jun 2024 | By Virewirx, Inc. (f/k/a XCOM Labs, Inc.) | F4, F5 |
| holding | GSAT | Voting Common Stock | 76,523 | 28 Jun 2024 | Direct | ||||||
| holding | GSAT | Voting Common Stock | 16,745,989 | 28 Jun 2024 | By Trust |
| Id | Content |
|---|---|
| F1 | Represents (i) 7,048,210 shares acquired as fees payable under the Support Services Agreement and (ii) 605,826 shares acquired as Holdback Shares under the Intellectual Property License Agreement, as more fully explained in the Issuer's Current Report on Form 8-K filed with the Commission on August 31, 2023 (collectively, the "Issuance"). The Issuance is exempt from Section 16(b). |
| F2 | Represents the volume weighted average price ("VWAP") of the Common Stock for the ten trading days immediately preceding June 28, 2024, as provided in the Support Services Agreement. |
| F3 | Represents shares held by Virewirx, Inc. (f/k/a XCom Labs, Inc.) ("XCom"), a corporation controlled by the reporting person. |
| F4 | Represents shares sold by XCom in a private placement to an affiliate of the Thermo Companies, which are controlled by James Monroe, III, the Issuer's Executive Chairman. |
| F5 | Represents the VWAP of the Common Stock for the ten trading days immediately preceding June 28, 2024, which was the price at which XCom acquired the shares pursuant to the Support Services Agreement. |