Paul E. Jacobs - Mar 10, 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
Stock symbol
GSAT
Transactions as of
Mar 10, 2025
Transactions value $
-$156,993
Form type
4
Date filed
3/12/2025, 05:47 PM
Previous filing
Jan 7, 2025
Next filing
Mar 28, 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 +13.8K +244.14% $0.00 19.5K Mar 10, 2025 Direct F1
transaction GSAT Voting Common Stock Sale -$157K -7.09K -36.42% $22.15 12.4K Mar 12, 2025 Direct F2, F3, F4
holding GSAT Voting Common Stock 210K Mar 10, 2025 By Virewirx, Inc. (f/k/a XCOM Labs, Inc.) F4
holding GSAT Voting Common Stock 1.12M Mar 10, 2025 By Trust F4
* 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 Globalstar, Inc.'s Equity Incentive Plan, which vested immediately upon the grant.
F2 Shares sold to cover taxes due upon the vesting of restricted stock.
F3 The shares were sold in multiple transactions at prices ranging from $22.0301 to $22.3001 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.
F4 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.