Stratton D. Sclavos - Feb 20, 2024 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
Director
Signature
/s/ James S. Black, attorney-in-fact
Stock symbol
LLAP
Transactions as of
Feb 20, 2024
Transactions value $
$0
Form type
4
Date filed
2/21/2024, 06:38 PM
Previous filing
Apr 4, 2023
Next filing
Feb 29, 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 +34.5K +21.06% $0.00 198K Feb 20, 2024 Direct F1

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 -34.5K -23.58% $0.00 112K Feb 20, 2024 Common Stock 34.5K $0.00 Direct F2
* 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 Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to vesting in two equal annual installments on each anniversary of February 6, 2022, the vesting start date. As of February 20, 2024 both installments relating to this particular restricted stock unit award were vested and had been settled.