L. Barbee Ponder IV - Mar 5, 2024 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
General Counsel
Signature
/s/ Arthur McMahon, III, attorney-in-fact for L. Barbee Ponder IV
Stock symbol
GSAT
Transactions as of
Mar 5, 2024
Transactions value $
$48,449
Form type
4
Date filed
3/7/2024, 08:51 PM
Previous filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Award $100K +75.2K +3.73% $1.33 2.09M Mar 5, 2024 Direct F1
transaction GSAT Voting Common Stock Tax liability -$51.6K -38.8K -1.85% $1.33 2.05M Mar 5, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.