James Lachance - 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, 05:55 PM
Previous filing: Jul 5, 2023
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	+35K	+31.31%	$0.00	147K	Feb 27, 2024	Common Stock	35K	$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 35,000 restricted stock units (the "RSUs"), each representing a contingent right to receive one share of LLAP common stock, awarded to Mr. LaChance for director-related services performed during 2023 and 2024 that were outside the scope of his standard annual board and committee 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 35,000 restricted stock units (the "RSUs"), each representing a contingent right to receive one share of LLAP common stock, awarded to Mr. LaChance for director-related services performed during 2023 and 2024 that were outside the scope of his standard annual board and committee duties. The RSUs fully vest on the one-year anniversary of the vesting start date. The vesting start date was February 27, 2024.