Mathieu Riffel - 07 Oct 2022 Form 4 Insider Report for Terran Orbital Corp

Role: Vice President and Controller
Signature: /s/ Stephanie McMenamy, attorney-in-fact
Issuer symbol: N/A
Transactions as of: 07 Oct 2022
Net transactions value: -$9,438
Form type: 4
Filing time: 11 Oct 2022, 18:24:54 UTC
Previous filing: 05 Apr 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	+19,874		$0.000000	19,874	07 Oct 2022	Direct	F1
transaction	LLAP	Common Stock, par value $0.0001 per share	Tax liability	$9,438	-4,840	-24%	$1.95	15,034	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	-19,874	-25%	$0.000000	59,626	07 Oct 2022	Common Stock	19,874	$0.000000	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.