Marco Villa - Oct 7, 2022 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
Chief Revenue Officer and EVP
Signature
/s/ Stephanie McMenamy, attorney-in-fact
Stock symbol
LLAP
Transactions as of
Oct 7, 2022
Transactions value $
-$122,193
Form type
4
Date filed
10/11/2022, 06:20 PM
Previous filing
Apr 5, 2022
Next filing
Nov 14, 2022

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 +257K +4.39% $0.00 6.11M Oct 7, 2022 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability -$122K -62.7K -1.02% $1.95 6.05M Oct 7, 2022 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 -257K -25% $0.00 772K Oct 7, 2022 Common Stock 257K $0.00 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 withheld to pay taxes applicable to 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 the vesting start date.