Form 4 for GSAT Globalstar, Inc.
Accepted 2023-08-31 00:00:00 ET · period of report 2023-08-29 · accession 0001366868-23-000119 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2023-08-31 | 2023-08-29 | GSAT | JACOBS PAUL E | CEO, Dir | S - Sale | $1.13 | -36.39M | 1 | -100% | -$41.12M |
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 | 2023-08-29 | S | D | 36,387,975 | $1.13 | 1 | I By XCOM Labs, Inc. | — | — | (F1) Represents shares sold by XCOM Labs, Inc. ("XCOM") in a private placement to purchasers, including an affiliate of the Thermo Companies, which are controlled by James Monroe, III, the issuer's Executive Chairman, in connection with the Intellectual Property License Agreement and other transactions disclosed in the Form 8-K filed with the Commission on August 31, 2023. (F2) Represents shares held by XCOM, a corporation controlled by the reporting person. |