Filing Details
- Accession Number:
- 0001366868-24-000090
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-07-01 12:30:40
- Reporting Period:
- 2024-06-28
- Accepted Time:
- 2024-07-01 12:30:40
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1366868 | Globalstar Inc. | GSAT | () | 4 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1191310 | E Paul Jacobs | 1351 Holiday Square Blvd Covington LA 70433 | Chief Executive Officer | Yes | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Voting Common Stock | Acquisiton | 2024-06-28 | 7,654,036 | $1.06 | 7,654,037 | No | 4 | J | Indirect | By Virewirx, Inc. (f/k/a XCOM Labs, Inc.) |
Voting Common Stock | Disposition | 2024-06-28 | 4,510,855 | $1.06 | 3,143,182 | No | 4 | S | Indirect | By Virewirx, Inc. (f/k/a XCOM Labs, Inc.) |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | J | Indirect | By Virewirx, Inc. (f/k/a XCOM Labs, Inc.) |
No | 4 | S | Indirect | By Virewirx, Inc. (f/k/a XCOM Labs, Inc.) |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Voting Common Stock | 76,523 | Direct | |
Voting Common Stock | 16,745,989 | Indirect | By Trust |
Footnotes
- 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).
- 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.
- Represents shares held by Virewirx, Inc. (f/k/a XCom Labs, Inc.) ("XCom"), a corporation controlled by the reporting person.
- 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.
- 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.