Terran Orbital (LLAP) director Newton acquired 103,442 shares
Insider transactions reported
Richard Y. Newton III (director at Terran Orbital Corporation, LLAP) reported that they acquired 103,442 shares between Apr 1, 2024 and Apr 3, 2024. After these transactions the filing shows 147,479 shares held directly.
- Reporting person
- Newton Richard Y. III
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Apr 1, 2024 | Exercise or conversion of a derivative (M) | Common Stock, par value $0.0001 per share1 | +8,333 | - | - | 52,370 direct |
| Apr 3, 2024 | Exercise or conversion of a derivative (M) | Common Stock, par value $0.0001 per share1 | +95,109 | - | - | 147,479 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Apr 1, 2024 | Exercise or conversion of a derivative (M) | Restricted Stock UnitsOn 8,333 Common Stock2 | -8,333 | - | - | 110,726 direct |
| Apr 3, 2024 | Exercise or conversion of a derivative (M) | Restricted Stock UnitsOn 95,109 Common Stock3 | -95,109 | - | - | 15,617 direct |
| Apr 1, 2024 | Grant or award (A) | Restricted Stock UnitsOn 133,588 Common Stock4 | +133,588 | - | - | 149,205 direct |
Holdings before and after
- Common Stock, par value $0.0001 per share: 44,037 to 147,479 direct
- Restricted Stock Units: 119,059 to 149,205 direct
Footnotes from the filing
- 1. Shares acquired represent settlement of vested restricted stock units on a one-for-one basis.
- 2. Each restricted stock unit 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.
- 3. Each restricted stock unit represents a contingent right to receive one share of LLAP common stock, all of which vested on April 3, 2024.
- 4. 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.
Transaction codes in this filing
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
FAQ
What did Newton report in this LLAP Form 4?
Richard Y. Newton III (director at Terran Orbital Corporation, LLAP) reported that they acquired 103,442 shares between Apr 1, 2024 and Apr 3, 2024. After these transactions the filing shows 147,479 shares held directly.
How many LLAP shares does Newton hold after this filing?
The filing shows 147,479 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code M mean on an SEC Form 4?
Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
Historical context for LLAP
Earlier insider filings at LLAP
- Apr 3, 2024Raaberg Douglas L. converted options into 103,442 shares, increasing direct ownership by 235% to 147,479 units (SEC Form 4)
- Apr 3, 2024Petrocelli Tobi converted options into 103,442 shares, increasing direct ownership by 400% to 129,275 units (SEC Form 4)
- Feb 29, 2024SEC Form 4 filed by Lachance James
- Feb 29, 2024SEC Form 4 filed by Manion Thomas E.
- Feb 29, 2024SEC Form 4 filed by Sclavos Stratton D
- Market cap
- 30-day
- Sector
- Industrials
- Industry
- Military/Government/Technical
- Listed since
- 2021
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