SCLAVOS STRATTON D 4
4 · Terran Orbital Corp · Filed Apr 4, 2023
Insider Transaction Report
Form 4
SCLAVOS STRATTON D
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.0001 per share
2023-04-01+17,500→ 189,906 total - Exercise/Conversion
Common Stock, par value $0.0001 per share
2023-04-01+8,333→ 198,239 total - Other
Common Stock, par value $0.0001 per share
2023-04-03−34,481→ 163,758 total - Exercise/Conversion
Restricted Stock Units
2023-04-01−8,333→ 51,150 total→ Common Stock (8,333 underlying) - Exercise/Conversion
Restricted Stock Units
2023-04-01−17,500→ 59,483 total→ Common Stock (17,500 underlying) - Award
Restricted Stock Units
2023-04-03+95,109→ 146,259 total→ Common Stock (95,109 underlying)
Footnotes (5)
- [F1]Shares acquired represent settlement of vested restricted stock units on a one-for-one basis.
- [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]Each restricted stock represents a contingent right to receive one share of LLAP common stock, all of which vested on April 1, 2023.
- [F4]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.
- [F5]Includes 95,109 restricted stock units, each representing a contingent right to receive one share of LLAP common stock, vesting on April 3, 2023.