Kathleen Valiasek - 24 Jun 2024 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Signature
/s/ Kathleen Valiasek
Issuer symbol
LOCL
Transactions as of
24 Jun 2024
Net transactions value
-$27,784
Form type
4
Filing time
26 Jun 2024, 17:11:36 UTC
Previous filing
03 May 2024
Next filing
12 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Award $0 +100,000 +29% $0.000000 443,013 24 Jun 2024 Direct F1
transaction LOCL Common Stock Tax liability $27,784 -9,783 -2.2% $2.84 433,230 24 Jun 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The RSUs will vest in three equal installments on June 24, 2024, June 24, 2025 and June 24, 2026, subject to the continuous service of the Reporting Person on each vesting date.
F2 Shares withheld by the Company in payment of the withholding tax liability incurred upon settlement of restricted stock units previously awarded.