Thomas E. Manion - 01 Apr 2024 Form 4 Insider Report for Terran Orbital Corp

Role: Director
Signature: /s/ James S. Black, attorney-in-fact
Issuer symbol: N/A
Transactions as of: 01 Apr 2024
Net transactions value: $0
Form type: 4
Filing time: 03 Apr 2024, 18:01:31 UTC
Previous filing: 29 Feb 2024
Next filing: 05 Jul 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	+8,333	+32%	$0.000000	34,166	01 Apr 2024	Direct	F1
transaction	LLAP	Common Stock, par value $0.0001 per share	Options Exercise	$0	+95,109	+278%	$0.000000	129,275	03 Apr 2024	Direct	F1
transaction	LLAP	Common Stock, par value $0.0001 per share	Award		+18,031	+14%		147,306	03 Apr 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	Award	$0	+133,588	+91%	$0.000000	280,364	01 Apr 2024	Common Stock	133,588	$0.000000	Direct	F3
transaction	LLAP	Restricted Stock Units	Options Exercise	$0	-8,333	-3%	$0.000000	272,031	01 Apr 2024	Common Stock	8,333	$0.000000	Direct	F4
transaction	LLAP	Restricted Stock Units	Options Exercise	$0	-95,109	-35%	$0.000000	176,922	03 Apr 2024	Common Stock	95,109	$0.000000	Direct	F5

* 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 of common stock issued on April 3, 2024 in lieu of cash retainers accrued for service on the Board for the period of January 1, 2024 through March 31, 2024, at a price of $1.31 per share, the closing price as of March 28, 2024.
F3	Includes 133,588 restricted stock units, each representing a contingent right to receive one share of LLAP common stock, subject to vesting in full on the first anniversary of April 1, 2024, 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 three equal annual installments on each anniversary of April 1, 2022, the vesting start date.
F5	Each restricted stock unit represents a contingent right to receive one share of LLAP common stock, all of which vested on April 3, 2024.