Daniel C. Staton - 13 Oct 2022 Form 4 Insider Report for Terran Orbital Corp

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 13 Oct 2022
Net transaction value: -$254,647
SEC form: 4
Accepted by SEC: 17 Oct 2022, 18:36:12 UTC
Prior SEC filing: 25 Aug 2022
Next SEC filing: 25 Nov 2022
Source filing: View source filing
Reporting owner signature: /s/ Stephanie McMenamy, attorney-in-fact

Key filing fact

Daniel C. Staton filed Form 4 for Terran Orbital Corp on 17 Oct 2022.

Key facts

This page summarizes Daniel C. Staton's Form 4 filing for Terran Orbital Corp.
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 17 Oct 2022, 18:36.

Change

Previous filing in this sequence was filed on 25 Aug 2022.
Current net transaction value: -$254,647.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LLAP transaction

Common Stock, par value $0.0001 per share

Options Exercise

Transaction value
Shares: +482,738
Change %: +42%
Price
Shares after: 1,639,383
Date: 13 Oct 2022
Ownership: Direct
Footnotes: F1, F2

LLAP transaction

Common Stock, par value $0.0001 per share

Disposed to Issuer

Transaction value: $254,647
Shares: -120,686
Change %: -7.4%
Price: $2.11
Shares after: 1,518,697
Date: 13 Oct 2022
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LLAP transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -482,738
Change %: -48%
Price: $0.000000
Shares after: 525,241
Date: 13 Oct 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 482,738
Exercise price: $0.000000
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Shares acquired represent settlement of vested restricted stock units on a one-for-one basis.

Footnote F2

The reporting person settled 75% of his vested restricted stock units disclosed herein for shares of LLAP common stock and 25% for cash.

Footnote F3

Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to vesting in two equal annual installments on each anniversary of the vesting start date.