Daniel C. Staton - 01 Apr 2024 Form 4 Insider Report for Terran Orbital Corp

Role
Director
Signature
/s/ James S. Black, attorney-in-fact
Issuer symbol
N/A
Transactions as of
01 Apr 2024
Net transactions value
$0
Form type
4
Filing time
03 Apr 2024, 18:00:40 UTC
Previous filing
26 Feb 2024
Next filing
23 May 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 +8,333 +0.41% $0.000000 2,035,601 01 Apr 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Options Exercise $0 +95,109 +4.7% $0.000000 2,130,710 03 Apr 2024 Direct F1
transaction LLAP Common Stock, par value $0.0001 per share Award +8,541 +0.4% 2,139,251 03 Apr 2024 Direct F2
holding LLAP Common Stock, par value $0.0001 per share 8,133,126 01 Apr 2024 Staton Tyvak Family Limited Partnership F3
holding LLAP Common Stock, par value $0.0001 per share 3,000,000 01 Apr 2024 Staton Orbital Family Limited Partnership F4

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 Award $0 +133,588 +120% $0.000000 245,364 01 Apr 2024 Common Stock 133,588 $0.000000 Direct F5
transaction LLAP Restricted Stock Units Options Exercise $0 -8,333 -3.4% $0.000000 237,031 01 Apr 2024 Common Stock 8,333 $0.000000 Direct F6
transaction LLAP Restricted Stock Units Options Exercise $0 -95,109 -40% $0.000000 141,922 03 Apr 2024 Common Stock 95,109 $0.000000 Direct F7
* 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 of common stock issued on April 3, 2024 in lieu of partial cash retainer accrued for service on the Board for the period of January 1, 2024 through March 31, 2024, at a price of $1.31 per share, the closing price as of March 28, 2024.
F3 Held by Staton Tyvak Family Limited Partnership, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control.
F4 Held by Staton Orbital Family Limited Partnership, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control.
F5 Includes 133,588 restricted stock units granted as part of the annual compensation for service as a director, each representing a contingent right to receive one share of LLAP common stock, subject to vesting in full on the first anniversary of April 1, 2024, the vesting start date.
F6 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.
F7 Each restricted stock unit represents a contingent right to receive one share of LLAP common stock, all of which vested on April 3, 2024.