Sec Form 4 Filing - CARLISE THERESA @ ORBSAT CORP - 2020-08-21

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person CARLISE THERESA 2. Issuer Name and Ticker or Trading Symbol ORBSAT CORP [ OTC: OSAT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Financial Officer (Last) (First) (Middle) 18851 N.E. 29TH AVE., SUITE 700 3. Date of Earliest Transaction (MM/DD/YY) 08/21/2020 (Street) AVENTURA, FL33180 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock, par value $0.0001 ( 1 ) 08/21/2020 M 56,800 A $ 0.2 56,800 D Common Stock, par value $0.0001 ( 2 ) 08/21/2020 A 5,000 A $ 0.2 61,800 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Non-Qualified Stock Option (right to buy) $ 0.2 08/21/2020 ( 3 ) A 71,000 ( 3 ) 08/20/2030 Common Stock 71,000 ( 3 ) 84,556 D Non-Qualified Stock Option (right to buy) $ 0.2 08/21/2020 ( 3 ) M 71,000 ( 3 ) 08/20/2030 Common Stock 71,000 ( 3 ) 13,556 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other CARLISE THERESA 18851 N.E. 29TH AVE., SUITE 700 AVENTURA, FL33180 Chief Financial Officer Signatures /s/ Theresa Carlise 09/01/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents the Reporting Person's exercise of 71,000 non-qualified options as reported in Table II of this Form. Following such exercise in full, the Reporting Person received 56,800 shares of common stock of the Company, with 14,200 shares of common stock withheld by the Company to cover the payment of the exercise price. ( 2 )Represents a restricted stock award approved by the Board of Directors on August 21, 2020 granted pursuant to the 2020 Equity Incentive Plan (the "Plan"), subject to shareholder approval of the Plan. ( 3 )The grant of these non-qualified options was approved by the Registrant's Board of Directors on August 21, 2020 and granted pursuant to the 2020 Equity Incentive Plan (the "Plan"), subject to shareholder approval of the Plan. The options vested immediately and were exercised in full upon grant, as reporting Table I of this Form.

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 4(b)(v).

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