Mark Kula - Jan 22, 2024 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
Jan 22, 2024
Transactions value $
-$26,388
Form type
4
Date filed
1/23/2024, 05:04 PM
Previous filing
Oct 2, 2023
Next filing
May 28, 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 +75K +549.41% $0.00 88.7K Jan 22, 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability -$26.4K -31K -35.02% $0.85 57.6K 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 -75K -16.18% $0.00 389K Jan 22, 2024 Common Stock 75K $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.