On June 10, 2024, Marco Villa, Chief Revenue Officer and Executive Vice President of Terran Orbital Corporation, notified the Company of his decision to resign from his position, with an anticipated effective date of June 30, 2024 (the Effective Date"). Mr. Villa's decision to resign was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Villa will continue to serve the Company in his capacity as Chief Revenue Officer and Executive Vice President until the anticipated Effective Date, and the Company expects to retain Mr. Villa in a consulting capacity following such date.