Craig M. Hurlbert - Apr 25, 2024 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Kathleen Valiasek, as Attorney-in-Fact for Craig M. Hurlbert
Stock symbol: LOCL
Transactions as of: Apr 25, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/26/2024, 04:16 PM
Previous filing: Jan 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOCL	Common Stock	Award	$0	+120K	+63.98%	$0.00	308K	Apr 25, 2024	Direct	F1
holding	LOCL	Common Stock						1.18M	Apr 25, 2024	By Wheat Wind Farms, LLC	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 120,000 restricted stock units ("RSUs") issued under the Issuer's 2021 Equity Incentive Plan. The RSUs will vest in three equal installments on February 1, 2025, February 1, 2026 and February 1, 2027, subject to the continuous service of the Reporting Person on each vesting date.
F2	These shares are held by Wheat Wind Farms, LLC ("Wheat Wind"). The Reporting Person serves as Member-Manager of Wheat Wind and as such, has sole voting and dispositive power with respect to the shares held by Wheat Wind and may be deemed to beneficially own the shares held by Wheat Wind. The Reporting Person disclaims beneficial ownership of such shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.

Content

Represents 120,000 restricted stock units ("RSUs") issued under the Issuer's 2021 Equity Incentive Plan. The RSUs will vest in three equal installments on February 1, 2025, February 1, 2026 and February 1, 2027, subject to the continuous service of the Reporting Person on each vesting date.

These shares are held by Wheat Wind Farms, LLC ("Wheat Wind"). The Reporting Person serves as Member-Manager of Wheat Wind and as such, has sole voting and dispositive power with respect to the shares held by Wheat Wind and may be deemed to beneficially own the shares held by Wheat Wind. The Reporting Person disclaims beneficial ownership of such shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.