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Globalstar, Inc. — Director's Dealing 2024
Mar 8, 2024
31104_dirs_2024-03-07_26b7acd6-72b8-4c13-9326-40a31bd514dd.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: 2024-03-05
Reporting Person: JACOBS PAUL E (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-05 | Voting Common Stock | A | 127820 | $1.33 | Acquired | 154558 | Direct |
| 2024-03-05 | Voting Common Stock | F | 78035 | $1.33 | Disposed | 76523 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Voting Common Stock | 1 | Indirect |
| Voting Common Stock | 16745989 | Indirect |
Footnotes
F1: Award of Restricted Stock under Globalstar, Inc.'s Equity Incentive Plan, which vested immediately upon the grant.
F2: Shares automatically withheld, based on the fair market value of the Common Stock on the vesting date, to pay required withholding taxes upon the vesting of the Restricted Stock Award reported above.
F3: Represents shares held by XCOM, a corporation controlled by the reporting person.
F4: Represents shares acquired by The Paul Eric Jacobs Trust, DTD April 9, 2018 in exchange for forgiveness of XCOM debt.