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
  1. 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).
  2. 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.
  3. Represents shares held by Virewirx, Inc. (f/k/a XCom Labs, Inc.) ("XCom"), a corporation controlled by the reporting person.
  4. 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.
  5. 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.