Marco Villa - 28 Sep 2023 Form 4 Insider Report for Terran Orbital Corp

Role
Chief Revenue Officer and EVP
Signature
/s/ James S. Black, attorney-in-fact
Issuer symbol
N/A
Transactions as of
28 Sep 2023
Net transactions value
-$58,197
Form type
4
Filing time
02 Oct 2023, 19:07:35 UTC
Previous filing
01 Aug 2023
Next filing
23 Jan 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 +153,897 +2.5% $0.000000 6,205,975 28 Sep 2023 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +103,444 +1.7% $0.000000 6,309,419 28 Sep 2023 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability $58,197 -68,314 -1.1% $0.8519 6,241,105 28 Sep 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 -153,897 -16% $0.000000 812,384 28 Sep 2023 Common Stock 153,897 $0.000000 Direct F3
transaction LLAP Restricted Stock Units Options Exercise $0 -103,444 -13% $0.000000 708,940 28 Sep 2023 Common Stock 103,444 $0.000000 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.