4//SEC Filing
JACOBS PAUL E 4
Accession 0001366868-24-000090
CIK 0001366868other
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 12:30 PM ET
Size
8.8 KB
Accession
0001366868-24-000090
Insider Transaction Report
Form 4
Globalstar, Inc.GSAT
JACOBS PAUL E
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
- 16,745,989(indirect: By Trust)
Voting Common Stock
- 76,523
Voting Common Stock
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
Issuer
Globalstar, Inc.
CIK 0001366868
Entity typeother
Related Parties
1- filerCIK 0001191310
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 12:30 PM ET
- Size
- 8.8 KB