Mark Kula - May 23, 2024 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
SVP, Programs
Signature
/s/ Austin S. Elliott, attorney-in-fact
Stock symbol
LLAP
Transactions as of
May 23, 2024
Transactions value $
-$9,078
Form type
4
Date filed
5/28/2024, 07:21 PM
Previous filing
Jan 23, 2024
Next filing
Oct 30, 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 +3.45K +5.99% $0.00 61.1K May 23, 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability -$1.41K -1.52K -2.49% $0.93 59.5K May 23, 2024 Direct F2
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +3.45K +5.79% $0.00 63K May 24, 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability -$1.34K -1.43K -2.27% $0.94 61.6K May 24, 2024 Direct F2
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +15.7K +25.49% $0.00 77.2K May 28, 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability -$6.32K -6.73K -8.71% $0.94 70.5K May 28, 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 -3.45K -0.89% $0.00 385K May 23, 2024 Common Stock 3.45K $0.00 Direct F3
transaction LLAP Restricted Stock Units Options Exercise $0 -3.45K -0.9% $0.00 382K May 24, 2024 Common Stock 3.45K $0.00 Direct F4
transaction LLAP Restricted Stock Units Options Exercise $0 -15.7K -4.11% $0.00 366K May 28, 2024 Common Stock 15.7K $0.00 Direct F5
* 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 3, 2022, the vesting start date.
F4 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 4, 2022, the vesting start date.
F5 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 April 1, 2022, the vesting start date.