STRATTON D. SCLAVOS - 27 Mar 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
27 Mar 2024
Net transactions value
$0
Form type
4
Filing time
03 Apr 2024, 17:59:55 UTC
Previous filing
29 Feb 2024
Next filing
27 Jun 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 Other $0 -8,651 -4.4% $0.000000 189,588 27 Mar 2024 Direct F1, F2
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +8,333 +4.4% $0.000000 197,921 01 Apr 2024 Direct F3

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 +63% $0.000000 345,366 01 Apr 2024 Common Stock 133,588 $0.000000 Direct F4
transaction LLAP Restricted Stock Units Options Exercise $0 -8,333 -2.4% $0.000000 337,033 01 Apr 2024 Common Stock 8,333 $0.000000 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The date of execution was determined in accordance with SEC Rule 16a-3(g)(2) and (g)(4).
F2 Represents a distribution, and not a purchase or sale, without additional consideration to a co-investor in Terran Orbital pursuant to preexisting business arrangement.
F3 Shares acquired represent settlement of vested restricted stock units on a one-for-one basis.
F4 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.
F5 Each restricted stock 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.