Stratton D. Sclavos - Feb 27, 2024 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role: Director
Signature: /s/ James S. Black, attorney-in-fact
Stock symbol: LLAP
Transactions as of: Feb 27, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/29/2024, 05:53 PM
Previous filing: Feb 21, 2024
Next filing: Apr 3, 2024

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
transaction	LLAP	Restricted Stock Units	Award	$0	+100K	+89.46%	$0.00	212K	Feb 27, 2024	Common Stock	100K	$0.00	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Includes 100,000 restricted stock units (the "RSUs"), each representing a contingent right to receive one share of LLAP common stock, awarded to Mr. Sclavos for director-related services performed during 2023 and 2024 that were outside the scope of his standard annual board, committee and lead independent director duties. The RSUs fully vest on the one-year anniversary of the vesting start date. The vesting start date was February 27, 2024.

Content

Includes 100,000 restricted stock units (the "RSUs"), each representing a contingent right to receive one share of LLAP common stock, awarded to Mr. Sclavos for director-related services performed during 2023 and 2024 that were outside the scope of his standard annual board, committee and lead independent director duties. The RSUs fully vest on the one-year anniversary of the vesting start date. The vesting start date was February 27, 2024.