Other Information.
+Added: Rule 10b5-1 Trading Plans
+Added: On June 28, 2023 , Rebecca S.
+Added: Clary , our Vice President and Chief Financial Officer , entered into a Rule 10b5-1 trading plan (the “Plan”) intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
+Added: The Plan provides for the sale of 300,000 shares of the Company’s voting common stock and will terminate on September 3, 2024.
+Added: During the fiscal quarter ended June 30, 2023, none of our other directors or executive officers adopted or terminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (each, a “10b5-1 Plan”) or any non-Rule 10b5-1 trading arrangement.
+Added: However, certain other of our executive officers had 10b5-1 Plans in effect during the fiscal quarter ended June 30, 2023, and certain of our directors and executive officers may adopt 10b5-1 Plans or non-Rule 10b5-1 trading arrangements in the future.
Number Description
3 unchanged sentences
(Exhibit 3.1 to Form 8-K filed on April 15, 2019)
−Removed: 10.1* Second Forbearance Agreement among Globalstar, Inc., Macdonald, Dettwiler and Associates Corporation and Rocket Lab USA, Inc.
−Removed: dated January 31, 2023
−Removed: 10.2* Purchase Agreement, dated March 28, 2023, by and among Globalstar, Inc., the Subsidiary Guarantors party thereto and the Purchasers party thereto
−Removed: 10.3* Indenture (including form of Note) dated March 31, 2023, by and among Globalstar, Inc., the Subsidiary Guarantors party thereto and Wilmington Trust, National Association
−Removed: 10.4* Collateral Agreement dated April 6, 2023 by and among Globalstar, Inc.
−Removed: the grantors and guarantors party thereto and Partner
−Removed: 10.5† 2023 Key Employee Bonus Plan
−Removed: 10.6† Prepayment Agreement
−Removed: 10.7† Amendment No.
−Removed: 4 to the Key Terms Agreement
31.1 Section 302 Certification of the Principal Executive Officer
8 unchanged sentences
* Incorporated by reference.
−Removed: † Portions of the exhibit have been omitted pursuant to Item 601(b)(10) of Regulation S-K.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
GLOBALSTAR, INC.
−Removed: May 5, 2023 By:
+Added: August 3, 2023 By:
Chief Executive Officer (Principal Executive Officer)
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.