Marco Villa - May 28, 2024 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
Chief Revenue Officer and EVP
Signature
/s/ James S. Black, attorney-in-fact
Stock symbol
LLAP
Transactions as of
May 28, 2024
Transactions value $
-$61,578
Form type
4
Date filed
5/30/2024, 05:32 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 +154K +2.47% $0.00 6.4M May 28, 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability -$36K -39.2K -0.61% $0.92 6.36M May 28, 2024 Direct F2
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +103K +1.63% $0.00 6.46M May 29, 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability -$25.5K -26.6K -0.41% $0.96 6.43M May 29, 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 -154K -21.72% $0.00 555K May 28, 2024 Common Stock 154K $0.00 Direct F3
transaction LLAP Restricted Stock Units Options Exercise $0 -103K -18.65% $0.00 451K May 29, 2024 Common Stock 103K $0.00 Direct F4
* 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 The restricted stock units vest in four equal annual installments on each anniversary of February 24, 2021, the vesting start date.
F4 The restricted stock units vest in four equal annual installments on each anniversary of March 15, 2021, the vesting start date.