Stephen Alan Hobart - 24 May 2024 Form 4 Insider Report for Terran Orbital Corp

Role: SVP, Components and Modules
Signature: /s/ Austin S. Elliott, attorney-in-fact
Issuer symbol: N/A
Transactions as of: 24 May 2024
Net transactions value: -$8,636
Form type: 4
Filing time: 28 May 2024, 19:19:46 UTC
Previous filing: 01 Aug 2023
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	+25,000		$0.000000	25,000	24 May 2024	Direct	F1
transaction	LLAP	Common Stock, par value $0.0001 per share	Tax liability	$8,636	-9,387	-38%	$0.9200	15,613	24 May 2024	Direct	F2

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	Options Exercise	$0	-25,000	-11%	$0.000000	200,000	24 May 2024	Common Stock	25,000	$0.000000	Direct	F3

* 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 sold to cover tax obligations and fees applicable to the settlement of vested restricted stock units.
F3	Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to vesting in four equal annual installments on each anniversary of February 6, 2023, the vesting start date.