Mark Alan McKinney - Nov 19, 2021 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
Chief Operating Officer
Signature
/s/ Kathleen Valiasek, as Attorney-in-Fact for Mark A. McKinney
Stock symbol
LOCL
Transactions as of
Nov 19, 2021
Transactions value $
$0
Form type
4
Date filed
11/23/2021, 05:36 PM
Next filing
Dec 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Award +497K 497K 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 Restricted Stock Units ("RSUs") awarded under the Issuer's the 2020 Equity Incentive Plan, as amended from time to time, subject to the continuous service of the Reporting Person on each vesting date: 10% will vest on the one September 1, 2022 with the remaining RSUs 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.