Paul E. Jacobs - Mar 28, 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 28, 2025
Transactions value $: -$4,718,976
Form type: 4
Date filed: 3/28/2025, 05:29 PM
Previous filing: Mar 12, 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	Sale	-$4.72M	-210K	-100%	$22.52^*	0	Mar 28, 2025	By Virewirx, Inc. (f/k/a XCOM Labs, Inc.)	F1, F2
holding	GSAT	Voting Common Stock						1.12M	Mar 28, 2025	By Trust
holding	GSAT	Voting Common Stock						12.4K	Mar 28, 2025	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares sold by Virewirx, Inc. (f/k/a XCom Labs, Inc.) ("XCom") in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended, to an affiliate of the Thermo Companies, which are controlled by James Monroe, III, the Issuer's Executive Chairman. Such shares were acquired by XCom as consideration under the Support Services Agreement and related Intellectual Property License Agreement as more fully described in the Issuer's Current Report on Form 8-K filed with the Commission on August 31, 2023.
F2	Represents the closing price of Issuer's common stock on March 27, 2025.

Content

Represents shares sold by Virewirx, Inc. (f/k/a XCom Labs, Inc.) ("XCom") in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended, to an affiliate of the Thermo Companies, which are controlled by James Monroe, III, the Issuer's Executive Chairman. Such shares were acquired by XCom as consideration under the Support Services Agreement and related Intellectual Property License Agreement as more fully described in the Issuer's Current Report on Form 8-K filed with the Commission on August 31, 2023.

Represents the closing price of Issuer's common stock on March 27, 2025.