MARC H. BELL - 28 Sep 2023 Form 4 Insider Report for Terran Orbital Corp (LLAP)

Role: Chief Executive Officer, Director
Signature: /s/ James S. Black, attorney-in-fact
Issuer symbol: LLAP
Transactions as of: 28 Sep 2023
Net transactions value: $0
Form type: 4
Filing time: 02 Oct 2023, 19:01:55 UTC
Previous filing: 24 Aug 2023
Next filing: 24 Nov 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	+482,738	+4.1%	$0.000000	12,382,530	28 Sep 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	-482,738	-13%	$0.000000	3,265,032	28 Sep 2023	Common Stock	482,738	$0.000000	Direct	F2

* 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 subject to vesting in four equal annual installments on each anniversary of March 15, 2021, the vesting start date.