STRATTON D. SCLAVOS - 01 Apr 2023 Form 4 Insider Report for Terran Orbital Corp

Role
Director
Signature
/s/ James S. Black
Issuer symbol
N/A
Transactions as of
01 Apr 2023
Net transactions value
$0
Form type
4
Filing time
04 Apr 2023, 19:22:59 UTC
Previous filing
28 Feb 2023
Next filing
21 Feb 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 +17,500 +10% $0.000000 189,906 01 Apr 2023 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +8,333 +4.4% $0.000000 198,239 01 Apr 2023 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Other $0 -34,481 -17% $0.000000 163,758 03 Apr 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 -17,500 -23% $0.000000 59,483 01 Apr 2023 Common Stock 17,500 Direct F3
transaction LLAP Restricted Stock Units Options Exercise $0 -8,333 -14% $0.000000 51,150 01 Apr 2023 Common Stock 8,333 Direct F4
transaction LLAP Restricted Stock Units Award $0 +95,109 +186% $0.000000 146,259 03 Apr 2023 Common Stock 95,109 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.