Globalstar, Inc. — Director's Dealing 2023

Dec 8, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2023-12-07

Reporting Person: Monroe James III (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-07	Common Stock Warrant (Right to Buy)	$2	A	10000000	Acquired	2028-12-07	Voting Common Stock (10000000)	Indirect

Footnotes

F1: As described more fully in the Current Report on Form 8-K filed by Globalstar, Inc. (the "Company") on December 7, 2023, the Company issued to Thermo Funding II LLC ("Thermo") a warrant (the "Warrant") to purchase 10,000,000 shares of the Company's common stock as consideration for Thermo guaranteeing (the "Guaranty") certain obligations of the Company.

F2: 5,000,000 Warrant shares became exercisable immediately upon grant. The remaining 5,000,000 Warrant shares will become exercisable in the event that Thermo advances aggregate funds of $25,000,000 or more to the Company or a permitted third party pursuant to the terms of the Guaranty.