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

Role: Chief Financial Officer
Signature: /s/ Kathleen Valiasek
Stock symbol: LOCL
Transactions as of: Nov 19, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/23/2021, 05:40 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		+1.55M			1.55M	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	Includes (i) 496,967 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 the one May 1, 2022 with the remaining RSUs vesting in three (3) annual 30% installments thereafter and (ii) 1,055,478 Restricted Stock shares awarded under the 2020 Plan which will vest as follows: 10% will vest on March 15, 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) 496,967 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 the one May 1, 2022 with the remaining RSUs vesting in three (3) annual 30% installments thereafter and (ii) 1,055,478 Restricted Stock shares awarded under the 2020 Plan which will vest as follows: 10% will vest on March 15, 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.