Form 4 for GSAT Globalstar, Inc.

Accepted 2023-03-23 00:00:00 ET · period of report 2023-03-15 · accession 0001366868-23-000039 · 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
MI	2023-03-23	2023-03-15+	GSAT	Taylor Timothy Evan	Dir	S - Sale	$1.05	-790.0K	12.65M	-6%	-$833.5K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Voting Common Stock	2023-03-16	S	D	395,000	$1.05	12,253,649	I By Thermo Investments III, LLC	—	—	(F1) The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 28, 2022. (F3) The shares were sold in multiple transactions at prices ranging from $1.03 to $1.07 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
2	Common	Voting Common Stock	2023-03-15	S	D	395,000	$1.06	12,648,649	I By Thermo Investments III, LLC	—	—	(F1) The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 28, 2022. (F2) The shares were sold in multiple transactions at prices ranging from $1.015 to $1.145 per share. The price reported reflects the volume weighted average price for the transactions. The reporting personundertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.