PAUL E. JACOBS - 06 Jan 2025 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Chief Executive Officer, Director
Signature
Kelly C. Simoneaux, attorney-in-fact for Paul E. Jacobs
Issuer symbol
GSAT
Transactions as of
06 Jan 2025
Transactions value $
-$31,840
Form type
4
Filing time
07 Jan 2025, 17:25:18 UTC
Previous filing
01 Jul 2024
Next filing
12 Mar 2025
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 +22,831 +29.84% $0 99,354 06 Jan 2025 Direct F1
transaction GSAT Voting Common Stock Sale -$31,840 -14,539 -14.63% $2.19 84,815 06 Jan 2025 Direct F2
holding GSAT Voting Common Stock 3,143,182 06 Jan 2025 By Virewirx, Inc. (f/k/a XCOM Labs, Inc.)
holding GSAT Voting Common Stock 16,745,989 06 Jan 2025 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 06 Jan 2025 Voting Common Stock 100,000 $2.19 Direct F3
* 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 6, 2026.
F2 Shares sold to cover taxes due upon the vesting of restricted stock granted in January 2024.
F3 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 6, 2026, 2027, and 2028.