Gary A. Hobart - 12 Jun 2024 Form 4 Insider Report for Terran Orbital Corp

Role
Chief Financial Officer, EVP
Signature
/s/ Stephanie McMenamy, attorney-in-fact
Issuer symbol
N/A
Transactions as of
12 Jun 2024
Net transactions value
-$67,796
Form type
4
Filing time
13 Jun 2024, 19:02:04 UTC
Previous filing
23 Jan 2024
Next filing
30 Oct 2024
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 +241,369 +43% $0.000000 797,366 12 Jun 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability $67,796 -78,832 -9.9% $0.8600 718,534 12 Jun 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 -241,369 -15% $0.000000 1,422,397 12 Jun 2024 Common Stock 241,369 $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 The restricted stock units vest in four equal annual installments on each anniversary of March 15, 2021, the vesting start date.