Gary A. Hobart - Jan 22, 2024 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
Jan 22, 2024
Transactions value $
-$43,980
Form type
4
Date filed
1/23/2024, 05:02 PM
Previous filing
Oct 2, 2023
Next filing
Jun 13, 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 +125K +25.89% $0.00 608K Jan 22, 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability -$44K -51.7K -8.51% $0.85 556K Jan 22, 2024 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 -125K -6.99% $0.00 1.66M Jan 22, 2024 Common Stock 125K $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 November 4, 2022, the vesting start date.