Richard Y. Newton III - Mar 25, 2022 Form 3 Insider Report for Terran Orbital Corp (LLAP)

Role: Director
Signature: /s/ Richard Y. Newton III
Stock symbol: LLAP
Transactions as of: Mar 25, 2022
Transactions value $: $0
Form type: 3
Date filed: 4/5/2022, 06:12 AM
Next filing: Jul 12, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	LLAP	Restricted Stock Units							Mar 25, 2022	Common Stock	29.1K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units vest in four equal annual installments on the anniversary of the vesting start date. Vesting start date is May 27, 2020.
F2	Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to a time-based vesting condition, which is summarized herein, and a Liquidity Event vesting condition. The Liquidity Event vesting condition was satisfied on March 25, 2022 upon the closing of LLAP's business combination.

Remarks:

Exhibit List: See Exhibit 24.1 - Power of Attorney