Telesat Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:TSAT Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
23 May 24	SellUS$95	Paul Firkins	Individual	10	US$9.45
29 Nov 23	SellUS$53	Paul Firkins	Individual	5	US$10.63
23 Aug 23	SellUS$63	Paul Firkins	Individual	3	US$20.87
15 Aug 23	SellUS$1,568	Michael Schwartz	Individual	100	US$15.68

Insider Buying: TSAT insiders have only sold shares in the past 3 months.

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top 25 shareholders own 87.47% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
24.8%	GAMCO Investors, Inc.	3,450,049	US$100.3m	5.96%	0.11%
12.8%	Heard Capital LLC	1,778,837	US$51.7m	0%	0.89%
6.89%	Rubric Capital Management LP	959,764	US$27.9m	0%	0.17%
5.91%	Qwest Investment Fund Management Ltd.	823,000	US$23.9m	0%	11.42%
5.88%	Daniel Goldberg	819,118	US$23.8m	-13.8%	no data
4.79%	Philosophy Capital Management LLC	667,287	US$19.4m	0%	1.07%
3.9%	Highland Capital Management, L.P.	543,823	US$15.8m	0%	1.36%
3.48%	Christine Man	485,500	US$14.1m	1,210%	no data
3.48%	Daniel Lau	485,500	US$14.1m	1,210%	no data
2.22%	Michael Schwartz	309,147	US$9.0m	-34.3%	no data
2.09%	Simplify Asset Management Inc.	290,781	US$8.5m	0%	0.21%
2.09%	Propel Bio Management, LLC	290,781	US$8.5m	0%	1.53%
1.39%	Gabelli & Company Investment Advisers, Inc.	193,147	US$5.6m	0%	0.36%
1.21%	Tejara Capital Limited., Asset Management Arm	168,235	US$4.9m	0%	0.51%
1.06%	Andrew Browne	147,987	US$4.3m	180%	no data
0.73%	Michael Targoff	101,872	US$3.0m	0%	no data
0.73%	David Wendling	101,092	US$2.9m	777%	no data
0.72%	Garnet Equity Capital Holdings, Inc.	99,982	US$2.9m	-1.31%	0.69%
0.69%	Christopher DiFrancesco	96,278	US$2.8m	944%	no data
0.6%	Glenn Katz	83,788	US$2.4m	627%	no data
0.5%	Michèle Beck	69,804	US$2.0m	156%	no data
0.43%	John Flaherty	60,194	US$1.8m	241%	no data
0.4%	Connor, Clark & Lunn Investment Management Ltd.	56,027	US$1.6m	7.43%	no data
0.39%	Gabelli Foundation Inc, Endowment Arm	55,000	US$1.6m	0%	1.36%
0.36%	NewGen Asset Management Limited	50,000	US$1.5m	0%	0.14%