MARC H. BELL - 22 Jan 2024 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
22 Jan 2024
Transactions value $
-$47,923
Form type
4
Filing time
23 Jan 2024, 17:01:14 UTC
Previous filing
24 Nov 2023
Next filing
26 Feb 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 +188K +1.51% $0.00 12.6M 22 Jan 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Tax liability -$47.9K -56.4K -0.45% $0.85 12.5M 22 Jan 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 -188K -5.74% $0.00 3.08M 22 Jan 2024 Common Stock 188K $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 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 November 4, 2022, the vesting start date.