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

Role
Chief Revenue Officer and EVP
Signature
/s/ James S. Black, attorney-in-fact
Stock symbol
LLAP
Transactions as of
Sep 28, 2023
Transactions value $
-$58,197
Form type
4
Date filed
10/2/2023, 07:07 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 +154K +2.54% $0.00 6.21M Sep 28, 2023 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +103K +1.67% $0.00 6.31M Sep 28, 2023 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability -$58.2K -68.3K -1.08% $0.85 6.24M 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 -154K -15.93% $0.00 812K Sep 28, 2023 Common Stock 154K $0.00 Direct F3
transaction LLAP Restricted Stock Units Options Exercise $0 -103K -12.73% $0.00 709K Sep 28, 2023 Common Stock 103K $0.00 Direct F4
* 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 February 24, 2021, the vesting start date.
F4 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.