Gary Hilberg - Jan 24, 2022 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
Stock symbol
LOCL
Transactions as of
Jan 24, 2022
Transactions value $
$0
Form type
4
Date filed
1/26/2022, 03:52 PM
Previous filing
Dec 7, 2021
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Award $0 +550K +120.18% $0.00 1.01M Jan 24, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSUs") were granted under the Company's 2021 Equity Incentive Plan, of which, subject to Mr. Hilberg's continued service with the Company on the applicable vesting date, 10% will vest on July 1, 2022 and the remaining RSUs will vest in three equal installments (of 30% each) on January 1, 2023, 2024 and 2025.
F2 Each RSU represents a contingent right to receive one share of the Company's common stock.