JACOBS PAUL E 4

4 · Globalstar, Inc. · Filed Jul 1, 2024

Form 4

Period: 2024-06-28

DirectorChief Executive Officer

Transactions

Other
Voting Common Stock
2024-06-28$1.06/sh+7,654,036$8,144,660→ 7,654,037 total(indirect: By Virewirx, Inc. (f/k/a XCOM Labs, Inc.))
Sale
Voting Common Stock
2024-06-28$1.06/sh−4,510,855$4,800,001→ 3,143,182 total(indirect: By Virewirx, Inc. (f/k/a XCOM Labs, Inc.))

Holdings

Footnotes (5)

[F1]Represents (i) 7,048,210 shares acquired as fees payable under the Support Services Agreement and (ii) 605,826 shares acquired as Holdback Shares under the Intellectual Property License Agreement, as more fully explained in the Issuer's Current Report on Form 8-K filed with the Commission on August 31, 2023 (collectively, the "Issuance"). The Issuance is exempt from Section 16(b).
[F2]Represents the volume weighted average price ("VWAP") of the Common Stock for the ten trading days immediately preceding June 28, 2024, as provided in the Support Services Agreement.
[F3]Represents shares held by Virewirx, Inc. (f/k/a XCom Labs, Inc.) ("XCom"), a corporation controlled by the reporting person.
[F4]Represents shares sold by XCom in a private placement to an affiliate of the Thermo Companies, which are controlled by James Monroe, III, the Issuer's Executive Chairman.
[F5]Represents the VWAP of the Common Stock for the ten trading days immediately preceding June 28, 2024, which was the price at which XCom acquired the shares pursuant to the Support Services Agreement.

Documents

1 file