Mark Kula - 23 May 2024 Form 4 Insider Report for Terran Orbital Corp

Role
SVP, Programs
Signature
/s/ Austin S. Elliott, attorney-in-fact
Issuer symbol
N/A
Transactions as of
23 May 2024
Net transactions value
-$9,078
Form type
4
Filing time
28 May 2024, 19:21:09 UTC
Previous filing
23 Jan 2024
Next filing
30 Oct 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 +3,448 +6% $0.000000 61,054 23 May 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability $1,413 -1,519 -2.5% $0.9300 59,535 23 May 2024 Direct F2
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +3,448 +5.8% $0.000000 62,983 24 May 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability $1,343 -1,429 -2.3% $0.9400 61,554 24 May 2024 Direct F2
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +15,689 +25% $0.000000 77,243 28 May 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability $6,322 -6,726 -8.7% $0.9400 70,517 28 May 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 -3,448 -0.89% $0.000000 385,168 23 May 2024 Common Stock 3,448 $0.000000 Direct F3
transaction LLAP Restricted Stock Units Options Exercise $0 -3,448 -0.9% $0.000000 381,720 24 May 2024 Common Stock 3,448 $0.000000 Direct F4
transaction LLAP Restricted Stock Units Options Exercise $0 -15,689 -4.1% $0.000000 366,031 28 May 2024 Common Stock 15,689 $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 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 3, 2022, 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 four equal annual installments on each anniversary of February 4, 2022, the vesting start date.
F5 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 April 1, 2022, the vesting start date.