Douglas L. Raaberg - Apr 1, 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
Apr 1, 2024
Transactions value $
$0
Form type
4
Date filed
4/3/2024, 05:58 PM
Previous filing
May 31, 2023
Next filing
Jun 3, 2024

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 +8.33K +18.92% $0.00 52.4K Apr 1, 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +95.1K +181.61% $0.00 147K Apr 3, 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 +134K +112.2% $0.00 253K Apr 1, 2024 Common Stock 134K $0.00 Direct F2
transaction LLAP Restricted Stock Units Options Exercise $0 -8.33K -3.3% $0.00 244K Apr 1, 2024 Common Stock 8.33K $0.00 Direct F3
transaction LLAP Restricted Stock Units Options Exercise $0 -95.1K -38.93% $0.00 149K Apr 3, 2024 Common Stock 95.1K $0.00 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.