Rebecca Clary - 07 Mar 2025 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Signature
Kelly C. Simoneaux, attorney-in-fact for Rebecca Clary
Issuer symbol
GSAT
Transactions as of
07 Mar 2025
Net transactions value
-$7,577
Form type
4
Filing time
11 Mar 2025, 17:43:08 UTC
Previous filing
31 Dec 2024
Next filing
12 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Award $0 +2,165 +2.2% $0.000000 100,660 07 Mar 2025 Direct F1
transaction GSAT Voting Common Stock Sale $7,577 -349 -0.35% $21.71 100,311 11 Mar 2025 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of Restricted Stock under the Issuer's 2006 Equity Incentive Plan (as amended and restated). 1/3rd of the awarded shares vested immediately on the grant date. 1/3 of the awarded shares will vest on the first anniversary of the grant date and 1/3rd of the awarded shares will vest on the second anniversary of the grant date.
F2 The shares were sold in multiple transactions at prices ranging from $21.50 to $21.90 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F3 The number of shares of voting common stock reported in this Form 4 have been adjusted to reflect the Issuer's 1 for 15 reverse stock spilt effected on February 10, 2025.