James Lachance - 03 Jul 2023 Form 4 Insider Report for Terran Orbital Corp

Role: Director
Signature: /s/ James S. Black
Issuer symbol: N/A
Transactions as of: 03 Jul 2023
Net transactions value: $0
Form type: 4
Filing time: 05 Jul 2023, 16:30:47 UTC
Previous filing: 04 Apr 2023
Next filing: 29 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	+34,481	+12%	$0.000000	327,542	03 Jul 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	-34,481	-24%	$0.000000	111,781	03 Jul 2023	Common Stock	34,481	$0.000000	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 two equal annual installments on each anniversary of July 1, 2021, the vesting start date.