Mark Kula - Sep 28, 2023 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
SVP, Programs
Signature
/s/ James S. Black, attorney-in-fact
Stock symbol
LLAP
Transactions as of
Sep 28, 2023
Transactions value $
-$5,040
Form type
4
Date filed
10/2/2023, 07:06 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 +15.7K +404.56% $0.00 19.6K Sep 28, 2023 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability -$5.04K -5.92K -30.23% $0.85 13.7K Sep 28, 2023 Direct F2

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 -15.7K -3.27% $0.00 464K Sep 28, 2023 Common Stock 15.7K $0.00 Direct F3
* 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 Shares withheld to pay taxes applicable to settlement of vested restricted stock units.
F3 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 April 1, 2022, the vesting start date.