Mark Alan McKinney - Sep 2, 2022 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
Sep 2, 2022
Transactions value $
-$54,948
Form type
4
Date filed
9/7/2022, 07:58 PM
Previous filing
Jan 26, 2022
Next filing
Jun 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Sale -$54.9K -15.3K -0.99% $3.60 1.53M Sep 2, 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 sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
F2 This transaction was executed in multiple trades at prices ranging from $3.43 to $3.73. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.