MARC H. BELL - 07 Oct 2022 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role: Chief Executive Officer, Director
Signature: /s/ Stephanie McMenamy, attorney-in-fact
Issuer symbol: LLAP
Transactions as of: 07 Oct 2022
Transactions value $: -$229,217
Form type: 4
Filing time: 11 Oct 2022, 18:27:21 UTC
Previous filing: 25 Aug 2022
Next filing: 14 Nov 2022
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	+482,738	+4.2%	$0	12,017,339	07 Oct 2022	Direct	F1
transaction	LLAP	Common Stock, par value $0.0001 per share	Tax liability	-$229,216	-117,547	-0.98%	$1.95	11,899,792	07 Oct 2022	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	-482,738	-25%	$0	1,448,216	07 Oct 2022	Common Stock	482,738	$0	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 the vesting start date.