SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* JACOBS PAUL E (Last) (First) (Middle) 1351 HOLIDAY SQUARE BLVD (Street) COVINGTON LA 70433 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 08/29/2023	3. Issuer Name and Ticker or Trading Symbol Globalstar, Inc. [ GSAT ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) Chief Executive Officer	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Voting Common Stock	36,387,976(1)	I	By XCOM Labs, Inc.(2)
Voting Common Stock	16,745,989(3)	I	By Trust(4)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock acquired, before the reporting person's appointment as an officer and director of the issuer, by XCOM Labs, Inc. ("XCOM") in exchange for the grant to Globalstar, Inc. of a license to certain of XCOM's assets.

2. Represents shares held by XCOM, a corporation controlled by the reporting person.

3. Represents shares acquired, before the reporting person's appointment as an officer and director of the issuer, by The Paul Eric Jacobs Trust, DTD April 9, 2018 in consideration for forgiveness of debt owed by XCOM to the reporting person.

4. Represents shares held by The Paul Eric Jacobs Trust, DTD April 9, 2018.

Remarks:

	Paul E. Jacobs	08/31/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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