SEC FORM 4 Globalstar CEO Paul Jacobs 09/25/2023 40,419,047 Restricted Stock Units filing:
Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Globalstar, Inc. ("Globalstar"). The RSUs vest in tranches upon Globalstar's common stock achieving the following price thresholds based on the 60-day weighted average closing price per share (the "Price"):
(i) 1,500,000 will vest when the Price is $2.00;
(ii) 2,800,000 will vest when the Price is $2.50;
(iii) 8,333,333 will vest when the Price is $3.00;
(iv) 2,857,143 will vest when the Price is $3.50;
(v) 6,250,000 will vest when the Price is $4.00;
(vi) 2,222,222 will vest when the Price is $4.50;
(vii) 10,000,000 will vest when the Price is $5.00;
(viii) 1,666,667 will vest when the Price is $6.00;
(ix) 1,428,571 will vest when the Price is $7.00;
(x) 1,250,000 will vest when the Price is $8.00;
(xi) 1,111,111 will vest when the Price is $9.00; and
(xii) 1,000,000 will vest when the Price is $10.00.
==> sec.gov
:D,
geoff |
