Gary A. Hobart - Sep 28, 2023 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
Chief Transformation Officer
Signature
/s/ James S. Black, attorney-in-fact
Stock symbol
LLAP
Transactions as of
Sep 28, 2023
Transactions value $
$0
Form type
4
Date filed
10/2/2023, 07:00 PM
Previous filing
Aug 1, 2023
Next filing
Jan 23, 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 +241K +100% $0.00 483K Sep 28, 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 -241K -11.89% $0.00 1.79M Sep 28, 2023 Common Stock 241K $0.00 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 March 15, 2021, the vesting start date.