Douglas L. Raaberg - 01 Apr 2023 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role
Director
Signature
/s/James S. Black
Issuer symbol
LLAP
Transactions as of
01 Apr 2023
Transactions value $
$0
Form type
4
Date filed
04 Apr 2023, 19:25
Previous filing
17 Oct 2022
Next filing
31 May 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 +17.5K +160.23% $0.00 28.4K 01 Apr 2023 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +8.33K +29.32% $0.00 36.8K 01 Apr 2023 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 -17.5K -30.67% $0.00 39.6K 01 Apr 2023 Common Stock 17.5K Direct F2
transaction LLAP Restricted Stock Units Options Exercise $0 -8.33K -21.06% $0.00 31.2K 01 Apr 2023 Common Stock 8.33K Direct F3
transaction LLAP Restricted Stock Award $0 +95.1K +304.52% $0.00 126K 03 Apr 2023 Common Stock 95.1K Direct F4
* 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, all of which vested on April 1, 2023.
F3 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.
F4 Includes 95,109 restricted stock units, each representing a contingent right to receive one share of LLAP common stock, vesting on April 3, 2023