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Globalstar, Inc. — Director's Dealing 2023
Dec 12, 2023
31104_dirs_2023-12-11_93d0f3e3-7a55-4c71-8e1e-acddd7bf4051.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2023-12-07
Reporting Person: Ponder L Barbee IV (General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-12-07 | Voting Common Stock | A | 120000 | $1.47 | Acquired | 2155560 | Direct |
| 2023-12-07 | Voting Common Stock | F | 18139 | $1.47 | Disposed | 2137421 | Direct |
| 2023-12-08 | Voting Common Stock | F | 12143 | $1.47 | Disposed | 2125278 | Direct |
Footnotes
F1: Award of Restricted Stock under 2006 Equity Incentive Plan. One-third of the awarded shares vested immediately. The remaining two-thirds vests in equal amounts on first and second anniversary of the grant date.
F2: Shares automatically withheld, based on the fair market value of the Common Stock on December 7, 2023, to pay required withholding taxes upon the vesting of the Restricted Stock Award reported above.
F3: Shares automatically withheld, based on the fair market value of the Common Stock on December 8, 2023, to pay required withholding taxes upon the vesting of the Restricted Stock Award previously reported.