Globalstar, Inc. — Director's Dealing 2023

Aug 31, 2023

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2023-08-29

Reporting Person: JACOBS PAUL E (Director, Chief Executive Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Voting Common Stock	36387976	Indirect
Voting Common Stock	16745989	Indirect

Footnotes

F1: Represents shares of common stock acquired, before the reporting person's appointment as an officer and director of the issuer, by XCOM Labs, Inc. ("XCOM") in exchange for the grant to Globalstar, Inc. of a license to certain of XCOM's assets.

F2: Represents shares held by XCOM, a corporation controlled by the reporting person.

F3: Represents shares acquired, before the reporting person's appointment as an officer and director of the issuer, by The Paul Eric Jacobs Trust, DTD April 9, 2018 in consideration for forgiveness of debt owed by XCOM to the reporting person.

F4: Represents shares held by The Paul Eric Jacobs Trust, DTD April 9, 2018.