X0206 3 2022-03-25 0 0001835512 Terran Orbital Corp LLAP 0001791922 Hageman Hilary 6800 BROKEN SOUND PARKWAY, SUITE 200 BOCA RATON FL 33487 0 1 0 0 See Remarks Restricted Stock Units Common Stock 275850 D $11 Retention Restricted Stock Units 2022-03-25 2027-03-25 Common Stock 47087 D $13 Retention Restricted Stock Units 2022-03-25 2027-03-25 Common Stock 39832 D The restricted stock units vest in four equal annual installments on the anniversary of the vesting start date. Vesting start date is August 23, 2021. Each restricted stock unit represents a contingent right to receive one share of LLAP common stock subject to a time-based vesting condition, which is summarized herein, and a Liquidity Event vesting condition. The Liquidity Event vesting condition was satisfied on March 25, 2022 upon the closing of LLAP's business combination. Each retention restricted stock unit represents a contingent right to receive one share of LLAP common stock. Such restricted stock will vest upon satisfying two remaining conditions: (i) Reporting Person must be in continuous employment with the Issuer or its subsidiaries for one year starting on March 25, 2022 and (ii) the market price of LLAP common stock being at or greater than $11/share in 20 out of 30 trading days during a five year period starting March 25, 2022. Each retention restricted stock unit represents a contingent right to receive one share of LLAP common stock. Such restricted stock will vest upon satisfying two remaining conditions: (i) Reporting Person must be in continuous employment with the Issuer or its subsidiaries for one year starting on March 25, 2022 and (ii) the market price of LLAP common stock being at or greater than $13/share in 20 out of 30 trading days during a five year period starting March 25, 2022. Executive Vice President, General Counsel and Corporate Secretary Exhibit List: See Exhibit 24.1 - Power of Attorney /s/ Hilary Hageman 2022-04-04