Stephen Alan Hobart - May 24, 2024 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
SVP, Components and Modules
Signature
/s/ Austin S. Elliott, attorney-in-fact
Stock symbol
LLAP
Transactions as of
May 24, 2024
Transactions value $
-$8,636
Form type
4
Date filed
5/28/2024, 07:19 PM
Previous filing
Aug 1, 2023
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 +25K $0.00 25K May 24, 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability -$8.64K -9.39K -37.55% $0.92 15.6K May 24, 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 -25K -11.11% $0.00 200K May 24, 2024 Common Stock 25K $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 sold to cover tax obligations and fees applicable to the 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 6, 2023, the vesting start date.