Stratton D. Sclavos - Apr 1, 2023 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
Director
Signature
/s/ James S. Black
Stock symbol
LLAP
Transactions as of
Apr 1, 2023
Transactions value $
$0
Form type
4
Date filed
4/4/2023, 07:22 PM
Previous filing
Feb 28, 2023
Next filing
Feb 21, 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 +17.5K +10.15% $0.00 190K Apr 1, 2023 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +8.33K +4.39% $0.00 198K Apr 1, 2023 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Other $0 -34.5K -17.39% $0.00 164K Apr 3, 2023 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 -17.5K -22.73% $0.00 59.5K Apr 1, 2023 Common Stock 17.5K Direct F3
transaction LLAP Restricted Stock Units Options Exercise $0 -8.33K -14.01% $0.00 51.2K Apr 1, 2023 Common Stock 8.33K Direct F4
transaction LLAP Restricted Stock Units Award $0 +95.1K +185.94% $0.00 146K Apr 3, 2023 Common Stock 95.1K Direct F5
* 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 Represents a distribution, and not a purchase or sale, without additional consideration to a co-investor in Terran Orbital pursuant to preexisting business arrangement.
F3 Each restricted stock represents a contingent right to receive one share of LLAP common stock, all of which vested on April 1, 2023.
F4 Each restricted stock represents a contingent right to receive one share of LLAP common stock subject to vesting in three equal annual installments on each anniversary of April 1, 2022, the vesting start date.
F5 Includes 95,109 restricted stock units, each representing a contingent right to receive one share of LLAP common stock, vesting on April 3, 2023.