Hobart Stephen Alan 4
4 · Terran Orbital Corp · Filed May 28, 2024
Insider Transaction Report
Form 4
Hobart Stephen Alan
SVP, Components and Modules
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-05-24−25,000→ 200,000 totalExercise: $0.00→ Common Stock (25,000 underlying) - Tax Payment
Common Stock, par value $0.0001 per share
2024-05-24$0.92/sh−9,387$8,636→ 15,613 total - Exercise/Conversion
Common Stock, par value $0.0001 per share
2024-05-24+25,000→ 25,000 total
Footnotes (3)
- [F1]Shares acquired represent settlement of vested restricted stock units on a one-for-one basis.
- [F2]Shares sold to cover tax obligations and fees applicable to the 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 February 6, 2023, the vesting start date.