Item 5. Other Information
Item 5. Other Information.
Rule 10b5-1 Trading Plans
On September 28, 2023 , Timothy E. Taylor , a member of our Board of Directors , entered into a Rule 10b5-1 trading plan (“Mr. Taylor's Plan”) intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). Mr. Taylor's Plan provides for the sale of 3,160,000 shares of the Company’s voting common stock and terminates on September 30, 2025. Mr. Taylor terminated his prior Rule 10b5-1 trading plan , which was entered into on September 28, 2022, to modify certain terms as reflected in Mr. Taylor's Plan.
During the fiscal quarter ended September 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. However, certain of our directors and executive officers may adopt 10b5-1 Plans or non-Rule 10b5-1 trading arrangements in the future.
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Item 6. Exhibits.
Exhibit
Number Description
3.1* Third Amended and Restated Certificate of Incorporation of Globalstar, Inc. (incorporated by reference to Appendix A to the Definitive Proxy Statement on Schedule 14A filed with the Commission on April 12, 2021)
3.2* Fifth Amended and Restated Bylaws of Globalstar, Inc. (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K filed with the Commission on August 31, 2023)
10.1*
Employment Agreement dated August 29, 2023 by and between Globalstar, Inc. and Paul Jacobs (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the Commission on August 31, 2023)
10.2*
Intellectual Property License Agreement, dated August 29, 2023, by and between Globalstar, Inc. and XCOM Labs, Inc. (incorporated by reference to Exhibit 10. 37 to the registration statement on Form S-1 f iled with the Commission on September 8 , 2023)
31.1 Section 302 Certification of the Principal Executive Officer
31.2 Section 302 Certification of the Principal Financial Officer
32.1 Section 906 Certification of the Principal Executive Officer
32.2 Section 906 Certification of the Principal Financial Officer
101.INS XBRL Instance Document
101.CAL XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF XBRL Taxonomy Extension Definition Linkbase Document
101.PRE XBRL Taxonomy Extension Presentation Linkbase Document
101.LAB XBRL Taxonomy Extension Label Linkbase Document
* Incorporated by reference.
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SIGNATURES
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.
Date: November 2, 2023 By: /s/ Dr. Paul E. Jacobs
Dr. Paul E. Jacobs
Chief Executive Officer (Principal Executive Officer)
/s/ Rebecca S. Clary
Rebecca S. Clary
Chief Financial Officer (Principal Financial Officer)
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.