Kagan David B. 4
4 · Globalstar, Inc. · Filed Nov 17, 2022
Insider Transaction Report
Form 4
Globalstar, Inc.GSAT
Kagan David B.
Chief Executive Officer
Transactions
- Award
Voting Common Stock
[F1]2022-11-15$1.90/sh+220,000$418,000→ 3,553,270 total - Tax Payment
Voting Common Stock
[F2]2022-11-15$1.90/sh−57,714$109,657→ 3,495,556 total
Footnotes (2)
- [F1]Represents shares of Restricted Stock awarded in connection with the achievement of certain performance incentives. Two-thirds of the awarded shares vested immediately, and the remaining one-third vests on November 15, 2023.
- [F2]Shares withheld, based on the fair market value of the Voting Common Stock on the grant date, to pay withholding taxes on the portion of the award that vested immediately.
Signature
/s/ Arthur McMahon, III, attorney-in-fact for David B. Kagan|2022-11-17