Daniel C. Staton - 13 Oct 2022 Form 4 Insider Report for Terran Orbital Corp

Role: Director
Signature: /s/ Stephanie McMenamy, attorney-in-fact
Issuer symbol: N/A
Transactions as of: 13 Oct 2022
Net transactions value: -$254,647
Form type: 4
Filing time: 17 Oct 2022, 18:36:12 UTC
Previous filing: 25 Aug 2022
Next filing: 25 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		+482,738	+42%		1,639,383	13 Oct 2022	Direct	F1, F2
transaction	LLAP	Common Stock, par value $0.0001 per share	Disposed to Issuer	$254,647	-120,686	-7.4%	$2.11	1,518,697	13 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	-482,738	-48%	$0.000000	525,241	13 Oct 2022	Common Stock	482,738	$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	The reporting person settled 75% of his vested restricted stock units disclosed herein for shares of LLAP common stock and 25% for cash.
F3	Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to vesting in two equal annual installments on each anniversary of the vesting start date.