Daniel C. Staton - 01 Apr 2024 Form 4 Insider Report for Terran Orbital Corp

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
03 Apr 2024, 18:00:40 UTC
Prior SEC filing
26 Feb 2024
Next SEC filing
23 May 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ James S. Black, attorney-in-fact

Key filing fact

Daniel C. Staton filed Form 4 for Terran Orbital Corp on 03 Apr 2024.

Key facts

  • This page summarizes Daniel C. Staton's Form 4 filing for Terran Orbital Corp.
  • 6 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 03 Apr 2024, 18:00.

Change

  • Previous filing in this sequence was filed on 26 Feb 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LLAP transaction

Common Stock, par value $0.0001 per share

Options Exercise

Transaction value
$0
Shares
+8,333
Change %
+0.41%
Price
$0.000000
Shares after
2,035,601
Date
01 Apr 2024
Ownership
Direct
Footnotes
F1
LLAP transaction

Common Stock, par value $0.0001 per share

Options Exercise

Transaction value
$0
Shares
+95,109
Change %
+4.7%
Price
$0.000000
Shares after
2,130,710
Date
03 Apr 2024
Ownership
Direct
Footnotes
F1
LLAP transaction

Common Stock, par value $0.0001 per share

Award

Transaction value
Shares
+8,541
Change %
+0.4%
Price
Shares after
2,139,251
Date
03 Apr 2024
Ownership
Direct
Footnotes
F2
LLAP holding

Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
8,133,126
Date
01 Apr 2024
Ownership
Staton Tyvak Family Limited Partnership
Footnotes
F3
LLAP holding

Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,000,000
Date
01 Apr 2024
Ownership
Staton Orbital Family Limited Partnership
Footnotes
F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LLAP transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+133,588
Change %
+120%
Price
$0.000000
Shares after
245,364
Date
01 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
133,588
Exercise price
$0.000000
Footnotes
F5
LLAP transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-8,333
Change %
-3.4%
Price
$0.000000
Shares after
237,031
Date
01 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
8,333
Exercise price
$0.000000
Footnotes
F6
LLAP transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-95,109
Change %
-40%
Price
$0.000000
Shares after
141,922
Date
03 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
95,109
Exercise price
$0.000000
Footnotes
F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Shares acquired represent settlement of vested restricted stock units on a one-for-one basis.

Footnote F2

Shares of common stock issued on April 3, 2024 in lieu of partial cash retainer accrued for service on the Board for the period of January 1, 2024 through March 31, 2024, at a price of $1.31 per share, the closing price as of March 28, 2024.

Footnote F3

Held by Staton Tyvak Family Limited Partnership, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control.

Footnote F4

Held by Staton Orbital Family Limited Partnership, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control.

Footnote F5

Includes 133,588 restricted stock units granted as part of the annual compensation for service as a director, 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.

Footnote F6

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.

Footnote F7

Each restricted stock unit represents a contingent right to receive one share of LLAP common stock, all of which vested on April 3, 2024.

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