Mark J. Nelson - 19 Nov 2021 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role: Director
Signature: /s/ Kathleen Valiasek, as Attorney-in-Fact for Mark J. Nelson
Issuer symbol: LOCL
Transactions as of: 19 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 23 Nov 2021, 17:38:52 UTC
Previous filing: 10 Nov 2021
Next filing: 04 Jan 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		+193,155			193,155	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 147,769 Restricted Stock Units ("RSUs") awarded under the Issuer's the 2020 Equity Incentive Plan, as amended from time to time ("the 2020 Plan") and will vest as follows: 25% of the RSUs vested on November 19, 2021 and the remaining 75% of the RSUs will vest over the 36-month period following April 12, 2021, in equal quarterly amounts. Notwithstanding the foregoing, 100% of the RSUs shall vest immediately upon a Change in Control (as defined in the 2020 Plan).
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 147,769 Restricted Stock Units ("RSUs") awarded under the Issuer's the 2020 Equity Incentive Plan, as amended from time to time ("the 2020 Plan") and will vest as follows: 25% of the RSUs vested on November 19, 2021 and the remaining 75% of the RSUs will vest over the 36-month period following April 12, 2021, in equal quarterly amounts. Notwithstanding the foregoing, 100% of the RSUs shall vest immediately upon a Change in Control (as defined in the 2020 Plan).

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.