Richard Y. Newton III - Oct 13, 2022 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
Director
Signature
/s/ Stephanie McMenamy, attorney-in-fact
Stock symbol
LLAP
Transactions as of
Oct 13, 2022
Transactions value $
-$7,685
Form type
4
Date filed
10/17/2022, 06:41 PM
Previous filing
Jul 12, 2022
Next filing
Apr 4, 2023

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 +14.6K 14.6K Oct 13, 2022 Direct F1, F2
transaction LLAP Common Stock, par value $0.0001 per share Disposed to Issuer -$7.68K -3.64K -25.01% $2.11 10.9K Oct 13, 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 -14.6K -20.33% $0.00 57.1K Oct 13, 2022 Common Stock 14.6K $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 The reporting person settled 75% of his vested restricted stock units disclosed herein for shares of LLAP common stock and 25% for cash.
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.