Douglas L. Raaberg - May 30, 2023 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
Director
Signature
/s/ James S. Black
Stock symbol
LLAP
Transactions as of
May 30, 2023
Transactions value $
$0
Form type
4
Date filed
5/31/2023, 04:32 PM
Previous filing
Apr 4, 2023
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 +7.28K +19.81% $0.00 44K May 30, 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 -7.28K -5.76% $0.00 119K May 30, 2023 Common Stock 7.28K Direct F2
* 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 subject to vesting in four equal annual installments on each anniversary of May 27, 2020, the vesting start date.