Filing Details

Accession Number:
0001209191-23-039129
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-06-22 17:07:03
Reporting Period:
2023-06-20
Accepted Time:
2023-06-22 17:07:03
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1840780 Local Bounti Corporation LOCL () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1435748 Joseph Mark Nelson C/O Local Bounti Corporation
400 W. Main St.
Hamilton MT 59840
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2023-06-20 1,294 $4.05 11,677 No 4 S Direct
Common Stock Acquisiton 2023-06-20 21,237 $0.00 32,914 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 A Direct
Footnotes
  1. Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on May 11, 2022.
  2. This transaction was executed in multiple trades at prices ranging from $4.04 to $4.11. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
  3. Effective on June 15, 2023, the Issuer effected a 1 to 13 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 has been adjusted to reflect the Reverse Stock Split.
  4. The restricted stock units will vest on the earlier of (1) the day before Local Bounti Corporation's (the "Issuer") next annual stockholders' meeting or (2) June 20, 2024, subject to the Reporting Person's continued service.