Form 4 for GSAT Globalstar, Inc.
Accepted 2022-11-17 00:00:00 ET · period of report 2022-11-15 · accession 0001366868-22-000114 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-11-17 | 2022-11-15 | GSAT | Clary Rebecca | VP, CFO | A - Grant | $1.90 | +170.0K | 1.72M | +11% | +$323.0K | |
| 2022-11-17 | 2022-11-15 | GSAT | Clary Rebecca | VP, CFO | F - Tax | $1.90 | -62.7K | 1.66M | -4% | -$119.2K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Voting Common Stock | 2022-11-15 | A | A | 170,000 | $1.90 | 1,721,859 | D | — | — | (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) Includes 20,147 shares acquired under the Globalstar Employee Stock Purchase Plan on June 14, 2022. |
| 2 | Common | Voting Common Stock | 2022-11-15 | F | D | 62,730 | $1.90 | 1,659,129 | D | — | — | (F3) 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. |