Mark Kula - 30 Mar 2023 Form 3 Insider Report for Terran Orbital Corp

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
3
Accepted by SEC
10 Apr 2023, 18:02:33 UTC
Next SEC filing
01 Aug 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ James S. Black, attorney-in-fact

Key filing fact

Mark Kula filed Form 3 for Terran Orbital Corp on 10 Apr 2023.

Key facts

  • This page summarizes Mark Kula's Form 3 filing for Terran Orbital Corp.
  • 0 reported transactions and 6 derivative rows are listed below.
  • Accepted by SEC: 10 Apr 2023, 18:02.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

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

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

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

LLAP holding

Common stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,878
Date
30 Mar 2023
Ownership
Direct

Reported derivative securities

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

LLAP holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
30 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,344
Exercise price
Footnotes
F1
LLAP holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
30 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,344
Exercise price
Footnotes
F2
LLAP holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
30 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
62,756
Exercise price
Footnotes
F3
LLAP holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
30 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
300,000
Exercise price
Footnotes
F4
LLAP holding Derivative

$11 Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
30 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
11,971
Exercise price
Footnotes
F5
LLAP holding Derivative

$13 Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
30 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,123
Exercise price
Footnotes
F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to time-based vesting over four equal annual installments occurring on each anniversary of the vesting start date. Vesting start date is February 3, 2022.

Footnote F2

Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to time-based vesting over four equal annual installments occurring on each anniversary of the vesting start date. Vesting start date is February 4, 2022.

Footnote F3

Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to time-based vesting over four equal annual installments occurring on each anniversary of the vesting start date. Vesting start date is April 1, 2022.

Footnote F4

Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to time-based vesting over four equal annual installments occurring on each anniversary of the vesting start date. Vesting start date is November 4, 2022.

Footnote F5

Each retention restricted stock unit represents a contingent right to receive one share of LLAP common stock. Such restricted stock will vest upon satisfying two remaining conditions: (i) Reporting Person must be in continuous employment with the Issuer or its subsidiaries for one year starting on March 25, 2022 and (ii) the market price of LLAP common stock being at or greater than $11/share in 20 out of 30 trading days during a five year period starting March 25, 2022.

Footnote F6

Each retention restricted stock unit represents a contingent right to receive one share of LLAP common stock. Such restricted stock will vest upon satisfying two remaining conditions: (i) Reporting Person must be in continuous employment with the Issuer or its subsidiaries for one year starting on March 25, 2022 and (ii) the market price of LLAP common stock being at or greater than $13/share in 20 out of 30 trading days during a five year period starting March 25, 2022.

SEC remarks

See Exhibit 24.1 - Power of Attorney

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