Globalstar, Inc. — Director's Dealing 2023

Mar 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Globalstar, Inc. (GSAT)
CIK: 0001366868
Period of Report: 2023-03-06

Reporting Person: Kagan David B. (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-06	Voting Common Stock	A	500000	—	Acquired	4131075	Direct
2023-03-06	Voting Common Stock	F	199463	$1.16	Disposed	3931612	Direct

Footnotes

F1: Represents shares of restricted stock awarded in connection with the achievement of certain performance incentives. 250,000 shares were granted on December 6, 2017. 250,000 additional shares were granted on September 4, 2018.

F2: Shares automatically withheld, based on the fair market value of the Common Stock on March 6, 2023, to pay required withholding taxes upon the vesting of the Restricted Stock Award reported above.