JACOBS PAUL E 4
4 · Globalstar, Inc. · Filed Mar 28, 2025
Insider Transaction Report
Form 4
Globalstar, Inc.GSAT
JACOBS PAUL E
DirectorChief Executive Officer
Transactions
- Sale
Voting Common Stock
2025-03-28$22.52/sh−209,546$4,718,976→ 0 total(indirect: By Virewirx, Inc. (f/k/a XCOM Labs, Inc.))
Holdings
- 12,374
Voting Common Stock
- 1,116,400(indirect: By Trust)
Voting Common Stock
Footnotes (2)
- [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.