Pamela Brewster - Nov 19, 2021 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
Director
Signature
/s/ Kathleen Valiasek, as Attorney-in-Fact for Pamela Brewster
Stock symbol
LOCL
Transactions as of
Nov 19, 2021
Transactions value $
$0
Form type
4
Date filed
11/23/2021, 05:26 PM
Next filing
Jun 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Award +1.58M 1.58M Nov 19, 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received pursuant to certain Agreement and Plan of Merger (as it may be amended, supplemented or otherwise modified from time to time), dated as of June 17, 2021, by and among Leo Holdings III Corp, a Cayman Islands exempted company, Longleaf Merger Sub, Inc., a Delaware corporation, Longleaf Merger Sub II, LLC, a Delaware limited liability company, and the Issuer.
F2 Includes 49,697 Restricted Stock Units under the Issuer's 2020 Equity Incentive Plan, as amended from time to time, which will vest as follows, subject to the continuous service of the Reporting Person on each vesting date: 10% will vest on May 1, 2022 with the remaining RSUs vesting in three (3) annual 30% installments thereafter.