SCLAVOS STRATTON D 4
4 · Terran Orbital Corp · Filed Apr 3, 2024
Insider Transaction Report
Form 4
SCLAVOS STRATTON D
Director
Transactions
- Other
Common Stock, par value $0.0001 per share
2024-03-27−8,651→ 189,588 total - Award
Restricted Stock Units
2024-04-01+133,588→ 345,366 totalExercise: $0.00→ Common Stock (133,588 underlying) - Exercise/Conversion
Common Stock, par value $0.0001 per share
2024-04-01+8,333→ 197,921 total - Exercise/Conversion
Restricted Stock Units
2024-04-01−8,333→ 337,033 totalExercise: $0.00→ Common Stock (8,333 underlying)
Footnotes (5)
- [F1]The date of execution was determined in accordance with SEC Rule 16a-3(g)(2) and (g)(4).
- [F2]Represents a distribution, and not a purchase or sale, without additional consideration to a co-investor in Terran Orbital pursuant to preexisting business arrangement.
- [F3]Shares acquired represent settlement of vested restricted stock units on a one-for-one basis.
- [F4]Includes 133,588 restricted stock units, 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.
- [F5]Each restricted stock 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.