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

Role
Director
Signature
/s/ Kathleen Valiasek, as Attorney-in-Fact for Pamela Brewster
Issuer symbol
LOCL
Transactions as of
19 Nov 2021
Net transactions value
$0
Form type
4
Filing time
23 Nov 2021, 17:26:22 UTC
Next filing
23 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Award +1,576,961 1,576,961 19 Nov 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.