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Globalstar, Inc. — Director's Dealing 2025
Mar 28, 2025
31104_dirs_2025-03-28_b821549e-489f-417c-87c5-6f1dcdd68029.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: 2025-03-28
Reporting Person: JACOBS PAUL E (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-28 | Voting Common Stock | S | 209546 | $22.52 | Disposed | 0 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Voting Common Stock | 1116400 | Indirect |
| Voting Common Stock | 12374 | Direct |
Footnotes
F1: Represents shares sold by Virewirx, Inc. (f/k/a XCom Labs, Inc.) ("XCom") in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended, to an affiliate of the Thermo Companies, which are controlled by James Monroe, III, the Issuer's Executive Chairman. Such shares were acquired by XCom as consideration under the Support Services Agreement and related Intellectual Property License Agreement as more fully described in the Issuer's Current Report on Form 8-K filed with the Commission on August 31, 2023.
F2: Represents the closing price of Issuer's common stock on March 27, 2025.