Tobi Petrocelli - 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, 07:36 PM
Previous filing
Jul 12, 2022
Next filing
Apr 3, 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 $0.00 17.5K Apr 1, 2023 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +8.33K +47.62% $0.00 25.8K Apr 1, 2023 Direct F1

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 -41.18% $0.00 25K Apr 1, 2023 Common Stock 17.5K Direct F2
transaction LLAP Restricted Stock Units Options Exercise $0 -8.33K -33.33% $0.00 16.7K Apr 1, 2023 Common Stock 8.33K Direct F3
transaction LLAP Restricted Stock Units Award $0 +95.1K +570.64% $0.00 112K Apr 3, 2023 Common Stock 95.1K Direct F4
* 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 Each restricted stock unit represents a contingent right to receive one share of LLAP common stock, all of which vested on April 1, 2023.
F3 Each restricted stock unit 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.
F4 Includes 95,109 each representing a contingent right to receive one share of LLAP common stock, vesting on April 3, 2023.