Form 4 for GSAT Globalstar, Inc.
Accepted 2025-03-28 00:00:00 ET · period of report 2025-03-28 · accession 0001366868-25-000055 · 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 | 2025-03-28 | 2025-03-28 | GSAT | JACOBS PAUL E | CEO, Dir | S - Sale | $22.52 | -209.5K | 0 | -100% | -$4.72M |
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 | 2025-03-28 | S | D | 209,546 | $22.52 | 0 | I By Virewirx, Inc. (f/k/a XCOM Labs, Inc.) | — | — | (F1) Represents shares sold by Virewirx, Inc. (f/k/a XCom Labs, Inc.) ("XCom") in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended, to an affiliate of the Thermo Companies, which are controlled by James Monroe, III, the Issuer's Executive Chairman. Such shares were acquired by XCom as consideration under the Support Services Agreement and related Intellectual Property License Agreement as more fully described in the Issuer's Current Report on Form 8-K filed with the Commission on August 31, 2023. (F2) Represents the closing price of Issuer's common stock on March 27, 2025. |