Tobi Petrocelli - 01 Apr 2024 Form 4 Insider Report for Terran Orbital Corp

Role
Director
Signature
/s/ James S. Black, attorney-in-fact
Issuer symbol
N/A
Transactions as of
01 Apr 2024
Net transactions value
$0
Form type
4
Filing time
03 Apr 2024, 17:58:03 UTC
Previous filing
04 Apr 2023
Next filing
30 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +8,333 +32% $0.000000 34,166 01 Apr 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +95,109 +278% $0.000000 129,275 03 Apr 2024 Direct F1

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 +133,588 +120% $0.000000 245,364 01 Apr 2024 Common Stock 133,588 $0.000000 Direct F2
transaction LLAP Restricted Stock Units Options Exercise $0 -8,333 -3.4% $0.000000 237,031 01 Apr 2024 Common Stock 8,333 $0.000000 Direct F3
transaction LLAP Restricted Stock Units Options Exercise $0 -95,109 -40% $0.000000 141,922 03 Apr 2024 Common Stock 95,109 $0.000000 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired represent settlement of vested restricted stock units on a one-for-one basis.
F2 Includes 133,588 restricted stock units, each representing a contingent right to receive one share of LLAP common stock, subject to vesting in full on the first anniversary of April 1, 2024, the vesting start date.
F3 Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to vesting in three equal annual installments on each anniversary of April 1, 2022, the vesting start date.
F4 Each restricted stock unit represents a contingent right to receive one share of LLAP common stock, all of which vested on April 3, 2024.