Globalstar, Inc. — Director's Dealing 2022

Feb 15, 2022

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2021-12-31

Reporting Person: Clary Rebecca (VP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-09	Voting Common Stock	M	75000	$0.382	Acquired	1571268	Direct
2021-09-09	Voting Common Stock	F	11105	$2.58	Disposed	1571268	Direct
2021-10-12	Voting Common Stock	M	25000	$0.61	Acquired	1571268	Direct
2021-10-12	Voting Common Stock	F	9656	$1.58	Disposed	1571268	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-09	Stock Option (Right to Buy)	$0.382	M	75000	Disposed	2021-10-03	Voting Common Stock (75000.0)	Direct
2021-10-12	Stock Option (Right to Buy)	$0.61	M	25000	Disposed	2021-11-08	Voting Common Stock (25000.0)	Direct

Footnotes

F1: Reflects 11,105 shares withheld by the Company at the market price of $2.58 per share less an exercise price of $0.382 per share to fund the cashless exercise of 75,000 options awarded under the Company's Equity Incentive Plan. The full award was previously reported.

F2: Reflects 9,656 shares withheld by the Company at the market price of $1.58 per share less an exercise price of $0.61 per share to fund the cashless exercise of 25,000 options awarded under the Company's Equity Incentive Plan. The full award was previously reported.