Daniel C. Staton - 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, 06:00 PM
Previous filing
Feb 26, 2024
Next filing
May 23, 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 +0.41% $0.00 2.04M Apr 1, 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +95.1K +4.67% $0.00 2.13M Apr 3, 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Award +8.54K +0.4% 2.14M Apr 3, 2024 Direct F2
holding LLAP Common Stock, par value $0.0001 per share 8.13M Apr 1, 2024 Staton Tyvak Family Limited Partnership F3
holding LLAP Common Stock, par value $0.0001 per share 3M Apr 1, 2024 Staton Orbital Family Limited Partnership F4

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 +119.51% $0.00 245K Apr 1, 2024 Common Stock 134K $0.00 Direct F5
transaction LLAP Restricted Stock Units Options Exercise $0 -8.33K -3.4% $0.00 237K Apr 1, 2024 Common Stock 8.33K $0.00 Direct F6
transaction LLAP Restricted Stock Units Options Exercise $0 -95.1K -40.13% $0.00 142K Apr 3, 2024 Common Stock 95.1K $0.00 Direct F7
* 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 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.
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.
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.
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.
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.
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.