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

Role: Chief Sustainability Officer
Signature: /s/ Kathleen Valiasek, as Attorney-in-Fact for Gary Hilberg
Issuer symbol: LOCL
Transactions as of: 19 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 23 Nov 2021, 17:28:49 UTC
Next filing: 06 Dec 2021
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		+450,654			450,654	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	Includes (i) 149,090 Restricted Stock Units ("RSUs") awarded under the Issuer's the 2020 Equity Incentive Plan, as amended from time to time ("the 2020 Plan"), subject to the continuous service of the Reporting Person on each vesting date: 10% will vest on June 1, 2022 with the remaining RSUs vesting in three (3) annual 30% installments thereafter and (ii) 301,564 Restricted Stock shares awarded under the 2020 Plan, subject to the continuous service of the Reporting Person on each vesting date: 10% will vest on February 1, 2022 with the remaining Restricted Stock shares vesting in three (3) annual 30% installments thereafter.
F2	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.

Content

Includes (i) 149,090 Restricted Stock Units ("RSUs") awarded under the Issuer's the 2020 Equity Incentive Plan, as amended from time to time ("the 2020 Plan"), subject to the continuous service of the Reporting Person on each vesting date: 10% will vest on June 1, 2022 with the remaining RSUs vesting in three (3) annual 30% installments thereafter and (ii) 301,564 Restricted Stock shares awarded under the 2020 Plan, subject to the continuous service of the Reporting Person on each vesting date: 10% will vest on February 1, 2022 with the remaining Restricted Stock shares vesting in three (3) annual 30% installments thereafter.

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.